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Entertainment Gaming Asia’s Dolphin Subsidiary Expands Market Presence Into The Philippines With $1.3 Million Gaming Chip Order From The New Solaire Resort & Casino

Stocks in this article: EGT

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 its Dolphin subsidiary has secured a $1.3 million gaming chip order to supply Bloomberry Resorts Corp.’s ( PSE: BLOOM) new Solaire Resort & Casino (“Solaire”) in the Philippines. This order will be booked in the fourth quarter of 2012 and marks Dolphin’s entrance into the growing Philippine gaming market. Solaire, a premier integrated resort, will be the first property to open in the highly-anticipated Entertainment City casino and tourist complex in Manila Bay in early 2013.

Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “Dolphin is delighted to be appointed as the supplier of Solaire’s peso-denominated cash, non-negotiable and reserve bank chips. The order includes approximately 765,000 chips with a range of Dolphin’s high-level security features. We believe this order reflects the recognition by Solaire management of the superior product quality and service offered by the Dolphin team and our commitment to developing a range of products that is considered by casino customers to be preeminent.”

Also today, the Company announced that its Dolphin subsidiary is in the process of delivering its previously-announced order of RFID gaming chips and plaques to long-time customer, Crown Perth, formerly known as Burswood Entertainment Complex, in Perth, Western Australia. This $2.2 million order, of which approximately $1.6 million will be booked in the third quarter of 2012 and the remaining $600,000 will be booked in the fourth quarter of 2012, includes over 500,000 chips and 25,000 plaques as part of the rebranding of the property to the world renowned “Crown” brand. The newly expanded and refurbished Crown Perth, which is part of the integrated urban entertainment resorts owned by Crown Limited (ASX: CWN), was launched at a gala opening on September 20, 2012.

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