Entertainment Gaming Asia Inc. (NYSE Amex: EGT) (“Entertainment Gaming Asia” or “the Company”), formerly known as Elixir Gaming Technologies, Inc., a leading provider of electronic gaming machines on a participation basis to the Pan-Asian gaming industry, announced today that as of August 31, 2010 it had reached 670 gaming machine seats in operation at NagaWorld casino resort. This fulfills the total number of machines under the Company’s most recent Machine Operation Participation Consolidation Agreement with NagaWorld Limited, a wholly-owned subsidiary of the Hong Kong listed NagaCorp Ltd. (HKSE:3918). Despite the increase in installed base, average net win per unit per day for the Company’s operations at NagaWorld continues to be strong, achieving $214 for the month of August 2010. NagaWorld is a luxury casino resort in Cambodia and is the only licensed full service casino in and around the capital city of Phnom Penh.

Due to the strong performance of Entertainment Gaming Asia’s operations at NagaWorld, the Company recouped in mid-August 2010 all remaining commitment fees paid to NagaWorld. Entertainment Gaming Asia and NagaWorld will continue to share the revenue and certain operating costs, such as marketing and floor staff, at a 25% / 75% split, respectively, on the total installed base of 670 gaming machine seats.

Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “Our slot operations at NagaWorld, which we jointly manage and operate with NagaWorld, have experienced dramatic growth since our first placements of approximately 200 gaming machine seats in January 2009. We attribute our strong performance to our targeted marketing efforts to build customer loyalty, the right machine mix, favorable positioning on NagaWorld’s prime casino lobby floor spaces, and the benefits of the closure of all slot clubs previously operating in the Phnom Penh region early in 2009. We believe these factors along with our proactive management will enable us to drive continued improvements in our operating performance at NagaWorld.”

About Entertainment Gaming Asia Inc.

Entertainment Gaming Asia Inc. (NYSE Amex: EGT), formerly known as Elixir Gaming Technologies, Inc., is a leading provider of electronic gaming machines on a participation basis to the Pan-Asian gaming industry. The Company secures long-term contracts to provide electronic gaming machines and related systems to premier hotels and other well-located gaming venues in Asia. The Company retains ownership of the gaming machines and systems and receives recurring daily fees based on an agreed upon percentage of the net gaming win per machine and provides on-site maintenance. Entertainment Gaming Asia Inc. also holds a casino license in Cambodia and intends to build and operate Dreamworld Casino and Resort, a casino hotel in the Takeo Province near the Vietnam border. For more information please visit www.EGT-Group.com.

About NagaCorp Ltd.

NagaCorp Ltd. (3918.HK) operates NagaWorld, the only licensed 5-Star Hotel Casino Resort in Phnom Penh, the capital of Cambodia. NagaCorp holds a casino license issued by the Royal Government of Cambodia, which gives the company the rights to operate the casino for 70 years commencing January 1995 with 41 years exclusivity within a 200 kilometer radius of Phnom Phen (except the Cambodia-Vietnam boarder area, Bokor, Kirirom Mountains, and Sihanoukville.) One of Cambodia’s most popular tourist destinations, NagaWorld currently has, among others, 508 rooms, 176 table games, a premium meeting, incentive travel, convention, and exhibition (MICE) facility, a retail shopping area, a collection of restaurants and bars, a karaoke lounge, and a spa. NagaCorp Ltd. is incorporated in Cayman Islands with limited liability and its securities are listed on the Main Board of The Stock Exchange of Hong Kong Limited.

Forward Looking Statements

This press release contains forward-looking statements concerning Entertainment Gaming Asia, formerly known as Elixir Gaming Technologies, 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 business of Entertainment Gaming Asia, its working capital requirements and future revenue and profitability, the project schedule for its Dreamworld Casino and Resort and Entertainment Gaming Asia’s ability to fund the Dreamworld Casino project. 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 the costs incurred by Entertainment Gaming Asia in defending shareholder litigation and the outcome of any judgment or settlement with respect to such litigation, Entertainment Gaming Asia’s inability to place gaming machines at significant levels, whether the gaming machines placed generate the expected amount of net win, Entertainment Gaming Asia’s ability to successfully execute its plans to build and operate a casino hotel, the ability of Entertainment Gaming Asia to acquire additional capital as and when needed, the ability of Entertainment Gaming Asia to collect revenue and protect its assets and those other risks set forth in Entertainment Gaming Asia’s annual report on Form 10-K for the year ended December 31, 2009 filed with the SEC on March 30, 2010 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.

Copyright Business Wire 2010