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Entertainment Gaming Asia Inc. (NYSE MKT: EGT) (“Entertainment Gaming Asia” or “the Company”), a leading gaming company focused on emerging gaming markets in Pan-Asia, today announced that it has commenced construction of Dreamworld Poipet, its slot hall development project in Poipet, Cambodia. Dreamworld Poipet, strategically located at one of Cambodia’s most significant border crossings with Thailand, will be a standalone slot hall constructed as an extension of an existing popular casino.
The $7.5 million internally funded project is expected to open in the first quarter of 2013. It is intended to measure approximately 16,000 square feet and feature a comprehensive suite of 300 high-quality gaming machine seats from leading manufacturers. These machines will include multi-player electronic tables and other top of the line slot machines to provide players a first class casino experience.
Also today, the Company announced that it has launched a Dreamworld Poipet Updates section on its corporate website to enable the investment community to track the development of this project. Please visit
www.EGT-Group.com under the section entitled Dreamworld Projects where the Company will provide periodic updates and photos of the construction process for Dreamworld Poipet.
Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “We are pleased to begin construction of our Dreamworld Poipet project. With a focus on providing quality gaming products, superior customer service and inviting atmosphere, we are dedicated to making Dreamworld Poipet a quality leader in this market. Our entrance into the established and growing gaming market of Poipet is a positive step in our strategy to become a leading developer and operator of regional casinos and gaming venues in Indo-China. We invite investors to visit our corporate website at
www.EGT-Group.com to follow its development.”
About Entertainment Gaming Asia Inc.
Entertainment Gaming Asia Inc. (NYSE MKT: EGT) is a leading gaming company in Pan-Asia engaged in the development and operation of casinos and gaming venues in the Indo-China region under its “Dreamworld” brand as well as the leasing of electronic gaming machines on a participation basis to the gaming industry. The Company also manufactures and sells RFID and traditional gaming chips and plaques to major casinos through its wholly-owned subsidiary Dolphin Products in Australia. For more information please visit
Forward Looking Statements
This press release contains forward-looking statements concerning Entertainment Gaming Asia within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include statements regarding expectations for the timeline and working capital requirements for its casino and gaming projects, growth of the gaming industry in the Indo-China region and the Company’s ability to secure new casino and gaming projects and fund those projects as well. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, risks related to Entertainment Gaming Asia’s ability to place gaming machines at significant levels and generate the expected amount of net win from the gaming machines placed, obtain the gaming license and building permits and complete the development for the casino projects on a timely basis or at all, identify, procure successfully develop additional casino projects in the Indo-China region, acquire additional capital as and when needed and those other risks set forth in Entertainment Gaming Asia’s annual report on Form 10-K for the year ended December 31, 2011 filed with the SEC on March 30, 2012 and subsequently filed quarterly reports on Form 10-Q. Entertainment Gaming Asia cautions readers not to place undue reliance on any forward-looking statements. Entertainment Gaming Asia does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.