This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Exterior Architectural Rendering Of Dreamworld Casino Pailin (Photo: Business Wire)

Other products revenue was $2.1 million in the third quarter of 2011, a decrease of 16% compared to $2.5 million in the third quarter of 2010. The decrease was the result of reduced sales of gaming chips and plaques as non-gaming product sales were essentially flat with the prior year period.

Cash-based SG&A expense was $1.5 million in the third quarter of 2011, an increase of 12% compared to $1.3 million in the third quarter of 2010. The increase was primarily the result of higher legal fees related to the Company’s casino projects and salaries and wage expenses.

Entertainment Gaming Asia reported adjusted EBITDA of $2.8 million for the third quarter of 2011 compared to $3.2 million for the third quarter of 2010. This decrease was primarily driven by a slight increase in cash-based SG&A expense and lower gross profit from the Company’s other products division due to reduced production efficiencies on lower sales volumes.

Entertainment Gaming Asia reported net income of $647,000, or $0.01 per share, on a weighted average diluted share count of approximately 119.9 million shares for the third quarter of 2011. This compared to a net profit of $725,000, or a $0.01 per share, on a weighted average diluted share count of approximately 117.8 million shares for the third quarter of 2010. The third quarter of 2010 included a one-time tax benefit of $320,000 related to the implementation of a new tax structure for its Cambodia operations.

Focus on Core Participation Operations

The Company continues to focus on initiatives to improve its strategic positioning and overall returns for its core gaming participation operations. In October, the Company announced an agreement related to the San Pedro VIP Club, one of its best performing venues in its Philippine gaming participation operations. This agreement enables the Company to work directly with the government operator Philippine Amusement and Gaming Corporation (PAGCOR) and serves to increase the Company’s revenue sharing rights to 35% from 17% of net win and its control over marketing strategies in this venue.

3 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs