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Tag Archives: Entertainment Gaming Asia

Philippines – Entertainment Gaming Asia readjusting following sales

Having sold off its assets related to the gaming products operations and all its gaming assets in Cambodia, Entertainment Asia Gaming has posted revenue from continuing operations of $357,000 for the fourth quarter and $2mfor the 2016 fiscal year. This left the company with revenue from its continuing operations in the Philippines. Consolidated revenue for…

Cambodia – Entertainment Gaming Asia completes Cambodia exit

Entertainment Gaming Asia has sold gaming assets in Cambodia, including its 278 electronic gaming machine seats placed in Dreamworld Club in Poipet and 72 EGM seats held in storage to the venue owner of Dreamworld Club (Poipet) for cash proceeds of $900,000. The ownership of the Dreamworld Club building, which was constructed and paid for…

Cambodia – Entertainment Gaming Asia pulls out of NagaWorld

Entertainment Gaming Asia is selling all 670 of its electronic gaming machine (EGM) seats placed at NagaWorld Casino to a third-party in Cambodia for $2.5m. The purchase price is payable by the purchaser in full in cash on completion of the sale. Prior to the sale, the company had leased EGMs to NagaWorld and that…

Cambodia – Entertainment Gaming Asia enjoys year of growth

Despite a disappointing fourth quarter, Entertainment Gaming Asia reported revenue for the year of $31.5m, an increase of 41 per cent compared to $22.4m for the 2014 fiscal year due to increases in both the gaming operations and gaming products business divisions. The increases were due to improvements in the Cambodia operations partially offset by…

Asia – New casinos boost supply side of Entertainment Gaming Asia

New casinos might have hampered the operational side of Entertainment Gaming Asia but they have also helped boost the supply side. Overall the company recorded revenues of $8.3m for the third quarter of 2015, an increase of 88 per cent compared to $4.4m in the third quarter of 2014. The swing was due to increases…

Cambodia – Entertainment Gaming Asia sees marked first quarter improvement

Entertainment Gaming Asia has reported revenues of $8.3m for the first quarter of 2015, an increase of 76 per cent compared to $4.7m in the first quarter of 2014 due to increases in both the gaming operations and gaming products business divisions. Gaming operations revenue was $4m for the first quarter of 2015, an increase…

Asia – Entertainment Gaming Asia sees revenue rise 63 per cent in Q4

Entertainment Gaming Asia’s fourth quarter of 2014 consolidated revenue rose to $8.3m, an increase of 63 per cent compared to $5.1m in the fourth quarter of 2013 due to higher gaming products sales partially offset by lower gaming operations revenue. However it recorded a net loss from continuing operations of $1.6m for the fourth quarter…

Cambodia – Entertainment Gaming Asia sells Dreamworld Casino

Entertainment Gaming Asia is to sell its Dreamworld Casino in Pailin, Cambodia, to a local Cambodian company. It will also terminate all previous agreements with its partner in the operations, who is a relative of the Purchaser. Dreamworld Pailin, a regional casino, opened in May 2012 and was constructed on land owned by the Partner…

Cambodia – Revenue at Entertainment Gaming Asia slips 29 per cent

With a threat from NASQ regarding its low share price hanging over it, a bleak first quarter could spell difficult time ahead for Entertainment Gaming Asia. It reported first quarter of revenue of US$4.9m, a decrease of 29 per cent compared to $6.9m in the first quarter of 2013 due to declines in both the…