Tag Archives: Entertainment Gaming Asia
- Melco International mulls upping stakes in Entertainment Gaming Asia
April 19, 2017
Lawrence Ho’s Melco International Development Ltd. is considering a complete takeover of electronic gaming machines supplier Entertainment Gaming Asia. Nasdaq-listed Entertainment Gaming Asia announced in a filing that its biggest shareholder, Melco International, “is reviewing potential strategic alternatives” that may include “making an offer… to acquire all of the outstanding...
- Entertainment Gaming Asia’s social gaming shift a net loser
April 12, 2017
Entertainment Gaming Asia’s transition from Asian casino slot machine supplier to social gaming developer is (for the moment) developing little more than a lotta red ink. On Monday, Entertainment Gaming Asia (which goes by its NASDAQ acronym EGT) reported a net loss of $6.7m on revenue of just $357k in...
- Entertainment Gaming Asia sells remaining Cambodia assets
December 29, 2016
Gaming technology supplier Entertainment Gaming Asia (EGT) continues to streamline its operations with the sale of its remaining Cambodian slots business. On Wednesday, the NASDAQ-listed EGT announced that it had sold the remnants of its gaming assets in Cambodia, including 278 electronic gaming machine (EGM) seats at the Dreamworld Club...
- Entertainment Gaming Asia shrinkage after Cambodia, Philippines slots sell-off
July 12, 2016
Slots operator Entertainment Gaming Asia (EGA) has further streamlined its operations by selling off its slot machines at gaming venues in Cambodia and the Phillippines. In March, EGA rejigged its slots supply deal with NagaWorld, the Phnom Penh casino operated by NagaCorp. The previous deal gave EGA a 25% share...
- Entertainment Gaming Asia hatching secret plan to mitigate challenging 2016
March 12, 2016
Slots operator and casino products supplier Entertainment Gaming Asia (EGT) has a plan to diversify its revenue stream but it says it’s a secret. The Nasdaq-listed EGT reported a net loss of $2.7m in the three months ending Dec. 31, but $2.6m of this loss was a non-cash impairment related...
- NagaCorp inks new slots deal, seeks new Chinese name, makes nice with Buddhists
March 8, 2016
Cambodian casino operator NagaCorp has renewed its slot machine lease deal with gaming device supplier Entertainment Gaming Asia (EGA). In a stock exchange filing on Friday, the Nasdaq-listed, Lawrence Ho-controlled EGA announced it had commenced a new 670-machine leasing deal with NagaCorp’s flagship property NagaWorld in Phnom Penh. The new...
Newest Cambodian casino was NOT built in Thailand nat’l park
March 21, 2017
New Cambodia border casino sparks trade war with Thailand
April 19, 2017