Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CHARLIER GERARD P
   2. Issuer Name and Ticker or Trading Symbol
Gaming Partners International CORP [GPIC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, CEO & Secretary
(Last)
(First)
(Middle)
1700 INDUSTRIAL ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
10/23/2006
(Street)

LAS VEGAS, NV 89102		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (1) 10/23/2006   M   5,732 A $ 0.01 569,681 D  
Common Stock (2) 10/23/2006   M   6 A $ 0.01 703 I See footnote (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant/Right to Buy (1) $ 0.01 10/23/2006   M     5,732 06/08/2006   (1) Common Stock 5,732 $ 0.01 0 D  
Warrant/Right to Buy (2) $ 0.01 10/23/2006   M     6   (2)   (2) Common Stock 6 $ 0.01 0 I By Spouse
Option/Right to Buy (3) $ 3.4             03/31/2005 03/31/2010 Common Stock 100,000   100,000 D  
Option/Right to Buy (4) $ 0.01             09/12/2007 09/12/2012 Common Stock 200,000   0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CHARLIER GERARD P
1700 INDUSTRIAL ROAD
LAS VEGAS, NV 89102		   X     President, CEO & Secretary  

Signatures

 /s/Gerard Charlier   10/31/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On October 23, 2006, pursuant to the terms of his anti-dilution warrants, Mr. Charlier exercised his right to purchase 5,732 shares of common stock of Gaming Partners International Corporation (f/k/a Paul-Son Gaming Corporation) (the "Company";) at an exercise price of $0.01 per share. The Company issued the warrants to purchase common stock pursuant to a combination agreement between the Company and Etablissements Bourgogne et Grasset SA (the "Agreement"). The anti-dilution warrants were approved by the Company's stockholders on September 12, 2002. The anti-dilution warrants are exercisable only upon conversion, exercise or exchange for shares issued pursuant to options and similar rights granted by the Company prior to the closing of the Agreement. Mr. Charlier's exercise of the anti-dilution warrants was exempt under Rule 16b-3 and/or Rule 16b-6(b).
(2) On October 23, 2006, pursuant to the terms of her anti-dilution warrants, Mr. Charlier's spouse exercised her right to purchase 6 shares of common stock of the Company at an exercise price of $0.01 per share. The Company issued the warrants to purchase common stock pursuant to the Agreement. The anti-dilution warrants were approved by the Company's stockholders on September 12, 2002. The anti-dilution warrants are exercisable only upon conversion, exercise or exchange of shares issued pursuant to options and similar rights granted by the Company prior to the closing of the Agreement. Mrs. Charlier's exercise of anti-dilution warrants was exempt under Rule 16b-3 and/or Rule 16b-6(b). Mr. Carrette disclaims beneficial ownership of all securities owned by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
(3) As previously reported, on September 12, 2002, the Company granted Mr. Charlier options to purchase 100,000 shares of the Company's common stock pursuant to the Company's 1994 Long-Term Incentive Plan (the "Plan"). The grant was exempt under Rule 16b-3. The option vested on March 31, 2005, and will be exercisable during the five year period following such vesting date.
(4) As previously reported, on September 12, 2002, the Company granted Mr. Charlier options to purchase 200,000 shares of the Company's common stock pursuant to the Plan. The grant was exempt under Rule 16b-3. The options fully vest as of September 12, 2007.

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