Kinbasha Gaming International, Inc. announced it has made the final payment as per its debt settlement agreement with ISO Debt Recovery K.K. in connection with debt owed to Tokyo Star Bank K.K., eliminating approximately $6 million in principal, interest and penalties. As per the agreement, payments from Kinbasha totaled approximately $737,000 through February 28, 2013, resulting in a net gain on settlement of approximately $5.2 million.

Kinbasha Gaming International, Inc. reported earnings results for the third quarter and nine months ended December 31, 2012. For the three months, net revenues decreased from $26.0 million to $23.6 million, due primarily to the sale of the business rights to its three remaining restaurants on July 1, 2012. Net income improved to $7.3 million as compared to $1.4 million in the same period of 2011. For the nine months, net revenues increased to $73.0 million from $68.6 million in the nine months ended December 31, 2011. This increase was due to an increase in net gaming revenues from $62.0 million to $70.2 million. Net income improved to $4.9 million as compared to a net loss of $8.7 million in the same period of 2011. These improvements to the bottom line are generally attributed to enhanced market conditions, an increase in total wagers due to the reopening of a pachinko parlor in April 2012 that had been closed due to earthquake damage, and a non-recurring $3.0 million gain resulting from a change in the company's policy for employment termination benefits. Net income also increased as a result of improved payout ratios due to a shift in the mix of pachinko machines and the positive effects of Kinbasha's marketing programs to promote more cost effective prize payouts.

Kinbasha Gaming International, Inc. is seekingtto raise capaital to fund acquisitions. Kinbasha has laos hired Brean Capital, LLC to advise Kinbasha. Kinbasha's plan is to raise capital in order to build out and/or acquire additional pachinko parlor stores within select metropolitan areas in Japan, and begin to shift the company's strong branding, game machine management systems and proprietary point-of-sale analytical technology to areas where pachinko stores are more profitable.