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TheStreet Open House

Entertainment Gaming Asia's CEO Discusses Q2 2012 Results - Earnings Call Transcript

In the Philippines, our strategic efforts to maximize performance in these markets continue to play off. These efforts which includes strategic management of machine placements, targeted marketing and extended hours at our most promising venues in these markets have resulted solid FA steady net wins of $72 for the quarter.

Dreamworld Pailin, our first casino development property opened on May 9 contributed approximately $213,000 to gaming revenue, for it’s seven week in operations during the quarter.

Dreamworld Pailin is located at an important border crossing in growing trade routes between Cambodia and China. The $2.5 million dollar first phase of the property comprises over 16,000 square feet of gaming space including both Poipet floor and special VIP facilities.

We expertized the opening within the second quarter initially open to demand market floor of the casino which offers the most expensive range of games in Pialin with 26 tables between popular games such as baccarat, variations of poker, and dice game and an attractive suite of 50 slot machines on the top-tier manufacturers. Dreamworld Pialin operations are in their infancy and we do not believe this results are representative of our future potential.

In addition to the solid performance of our gaming operations our other products divisions contributed $2.4 million to revenue, the other product divisions consist of the manufacturer and sale of gaming chips and plaques as well as plastic components brought by nearly for all the automotive industry.

Over the last several year, we have made a strategic shift in focus of these divisions towards the higher margin gaming chips and plaque size of the operations. With our comprehensive product lines with state of the art security features, efficient patents for the production capabilities and strong relationships in our target markets in Asia and Australia. We believe we have the potential to meaningfully increase our shares in these niche markets.

Read the rest of this transcript for free on seekingalpha.com

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