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Entertainment Gaming Asia Inc.
Consolidated Statements of Operations
(Unaudited)
							Old Basis						Old Basis
			Three Months Ended							Nine Months Ended
			September 30,							September 30,
(amounts in thousands, except per share data)			2011				2010			2011			2010
Revenues:
Gaming		$	4,379			$	4,108		$	13,097		$	10,482
Other products			2,113				2,527			6,348			5,585
Total revenues			6,492				6,635			19,445			16,067
Operating costs and expenses:
Cost of gaming machine participation
Electronic gaming machine depreciation			1,253				2,014			3,641			5,871
Casino contract amortization			616				—			1,841			—
Other operating costs			240				171			809			603
Cost of other products			1,922				2,066			5,584			5,049
Selling, general and administrative expenses			1,492				1,340			3,860			4,277
Stock-based compensation expenses			215				126			1,237			667
Impairment of assets			—				54			—			244
Product development expenses			89				64			302			520
Depreciation and amortization			27				221			86			679
Restructuring charges			—				63			—			310
Total operating costs and expenses			5,854				6,119			17,360			18,220
Income/(loss) from operations			638				516			2,085			(2,153)
Other income/(expense):
Interest expense and finance fees			(105)				(116)			(305)			(322)
Interest income			20				28			61			66
Foreign currency (losses)/gains			(42)				32			(66)			(28)
Loss on dispositions			—				(121)			(152)			(117)
Other			65				66			192			217
Total other expenses			(62)				(111)			(270)			(184)
Income/(loss) before income tax			576				405			1,815			(2,337)
Income tax benefit/(expense)			71				320			(169)			(135)
Net income/(loss)		$	647			$	725		$	1,646		$	(2,472)
Basic and diluted earnings/(loss) per share		$	0.01			$	0.01		$	0.01		$	(0.02)
Weighted average common shares outstanding
Basic			118,753				115,892			117,401			115,580
Diluted			119,928				117,801			118,524			115,580

As a result of the Quasi-Reorganization, the consolidated statements of operations for the three-month and nine-month periods ended September 30, 2011 and September 30, 2010 are not comparable. The consolidated statements of operations for the three-month and nine-month periods ended September 30, 2011 reflect depreciation and amortization of the assets using the basis from the Quasi-Reorganization, and the consolidated statements of operations for the three-month and nine-month periods ended September 30, 2010 are prepared on the Company’s historical basis of accounting. As such, operations for periods prior to December 31, 2010 are labeled as being under the “Old Basis,” which is defined as accounting policies and estimates prior to the adoption of the Quasi-Reorganization.

Entertainment Gaming Asia Inc.
Consolidated Balance Sheets
			September 30,			December 31,
			2011			2010
(amounts in thousands, except per share data)			(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$	14,308		$	10,217
Accounts receivable, net			2,259			2,854
Other receivables			164			101
Inventories			1,919			1,064
Assets held for sale			402			422
Prepaid expenses and other current assets			793			1,051
Total current assets			19,845			15,709
Electronic gaming machines and systems, net			9,749			12,360
Casino contracts			10,953			12,790
Property and equipment, net			2,394			1,941
Intangible assets, net			122			140
Contract amendment fees			477			558
Prepaids, deposits and other assets			1,567			561
Total assets		$	45,107		$	44,059
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	1,025		$	1,062
Amount due to a related party			15			14
Accrued expenses			1,640			2,225
Income tax payable			87			—
Deferred revenue			75			—
Notes payable to a related party, current portion			6,134			2,991
Capital lease obligations, current portion			335			164
Customer deposits and other current liabilities			226			251
Total current liabilities			9,537			6,707
Notes payable to a related party, net of current portion			1,582			6,211
Capital lease obligations, net of current portion			—			307
Other liabilities			747			441
Deferred tax liability			71			71
Total liabilities			11,937			13,737
Stockholders’ equity:
Common stock, $.001 par value, 300,000,000 shares authorized; 118,759,393 and 116,189,394 shares issued and outstanding			119			116
Additional paid-in-capital			30,901			29,638
Accumulated other comprehensive income			504			568
Retained earnings since January 1, 2011 ($386.1 million accumulated deficit eliminated)			1,646			—
Total EGT stockholders’ equity			33,170			30,322
Non-controlling interest			—			—
Total stockholders’ equity			33,170			30,322
Total liabilities and stockholders’ equity		$	45,107		$	44,059

Entertainment Gaming Asia Inc.
Adjusted EBITDA
(Unaudited)
		Three Months Ended							Nine Months Ended
		September 30,							September 30,
(amounts in thousands)		2011			2010				2011			2010
Net income/(loss) – GAAP basis	$	647		$	725			$	1,646		$	(2,472)
Interest expense and finance fees		105			116				305			322
Interest income		(20)			(28)				(61)			(66)
Income tax (benefit)/expense		(71)			(320)				169			135
Depreciation and amortization		1,958			2,359				5,737			6,905
Stock-based compensation expenses		215			126				1,237			667
Impairment of assets		—			54				—			244
Loss on dispositions (1)		—			121				152			117
EBITDA, as adjusted	$	2,834		$	3,153			$	9,185		$	5,852

(1) Adjusted EBITDA for the three-month and nine-month periods ended September 30, 2010 were restated to include loss on dispositions.

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