This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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

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.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs