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

Entertainment Gaming Asia Announces Plans To Develop And Operate A Slot Hall In Poipet Near The Cambodia-Thailand Border

Entertainment Gaming Asia Inc. (NYSE Amex: EGT) (“Entertainment Gaming Asia” or “the Company”), a leading provider of electronic gaming machines on a participation basis to the Pan-Asian gaming industry, today announced plans to develop and operate a slot hall as part of an existing popular casino in Poipet, Cambodia near the Thailand border (the “Poipet Project”). This project is expected to contribute to near-term earnings and deepen the Company’s footprint in this attractive gaming market within the Indo-China region.

The Poipet Project will be constructed as an extension of an existing casino owned by a local Cambodian company and will connect to the main casino’s table game floor. The slot hall will operate under the casino owner’s gaming license and will be branded using the Company’s “Dreamworld” name. It is expected to measure approximately 12,000 square feet (1,100 square meters) and house 300 electronic gaming machine seats. It will also feature entertainment and food and beverage offerings. The slot hall is expected to open in December 2012, subject to the timely issuance of the required construction permits.

Located within Cambodia’s Economic Free Zone and at the junction of an important trade route connecting Bangkok and Phnom Penh, Poipet is Cambodia’s most significant border crossing with Thailand (approximately two and one-half hours from Bangkok by car) and an established and growing gaming market. There are currently eight existing casinos in Poipet serving customers from major nearby cities in the area and there is limited real estate for future gaming development. The Poipet Project will be located in a very prominent location and will cater to mass market and premium players.

Under the terms of the agreement, the Company will fund the development, construction and operation of the slot hall. The Company and casino owner will share the daily net win generated by the gaming machines in the Company’s slot hall and certain operating costs in the ratio of 40% and 60%, respectively. The initial project term is five years beginning from the commercial launch of the slot hall. During this initial five-year period, the Company will have exclusive rights to manage and operate the slot hall. After the initial period, the Company will have an option to renew the project for an additional five years and during the renewal, the Company will continue to enjoy the exclusive rights over the management and operation of the slot hall subject to the achievement of certain financial milestones during the initial period.

1 of 3

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 $95.01 0.00%
FB $99.51 -0.24%
GOOG $677.65 -0.75%
TSLA $147.00 -0.67%
YHOO $26.82 -0.85%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs