Entertainment Gaming Asia Proudly Announces The Grand Opening Of Dreamworld Casino In The Pailin Province Of Cambodia On May 9, 2012

Entertainment Gaming Asia Inc. (NYSE Amex: EGT) (“Entertainment Gaming Asia” or “the Company”), a leading gaming company focused on emerging gaming markets in Pan-Asia, is pleased to announce the grand opening of Dreamworld Casino in the Pailin Province of Cambodia on May 9, 2012. Strategically located at the Cambodia-Thailand border on a growing trade route connecting the two countries, Dreamworld Casino in Pailin will welcome mass market and VIP premium players visiting from the surrounding areas. It will be the Company’s first casino development project to open and aims to set a new standard for gaming in this regional market.

The Company is proud to announce that His Excellency Y Chenng, the Governor of the Pailin Province, will be the guest of honor at the grand opening ceremony, which will be held at 5:00 p.m. on the opening day.

Under the exclusive management of the Company, the initial phase of this $2.5 million internally funded casino offers approximately 12,000 square feet (1,100 square meters) of gaming space including 30 popular table games such as baccarat, roulette, variations of poker and dice games and an attractive suite of 40 Company-owned slot machines from top-tier manufacturers. The Company has the option at a future date to lease approximately 250,000 square feet (23,000 square meters) of land adjacent to the property for the development of additional project phases. Such additional phases are intended to include expanded casino operations and complementary facilities such as hotel rooms, a spa and other entertainment amenities.

Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “We are proud to announce that after one year of planning and development, we are opening what is to be the first of our casino and gaming development projects in Indo-China. With our operational expertise, quality gaming offerings, and dedication to the highest level of customer service, we believe we will redefine the regional gaming experience in our markets and make strides toward achieving our goal of becoming a leading developer and operator of casinos and gaming venues in the region. Further, we seek to be a responsible citizen within the country and contribute to the growth of its economy. We are pleased that our gaming operations in Cambodia have created a total of 600 jobs to-date with another 400 expected by 2013.”

About Entertainment Gaming Asia Inc.

Entertainment Gaming Asia Inc. (NYSE Amex: EGT) 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 or monthly fees based on an agreed upon percentage of the net gaming win per machine and provides on-site maintenance. Entertainment Gaming Asia Inc. is also engaged in the development and operation of casino resorts and gaming venues under the “Dreamworld” brand in the Indo-China region. For more information please visit www.EGT-Group.com

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 expansion of the Company’s participation business model, the timeline and working capital requirements for the Pailin casino project, the near-term earnings of the Pailin casino project, growth of the gaming industry in the Indo-China region and the Company’s ability to secure new casino 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.

Copyright Business Wire 2010

If you liked this article you might like

Analysts' Actions -- Alcoa, ConAgra, Carnival and More

Analysts' Actions -- Alcoa, ConAgra, Carnival and More

3 Consumer Goods Stocks Pushing Sector Growth

3 Consumer Goods Stocks Pushing Sector Growth

3 Stocks Pushing The Consumer Durables Industry Lower

3 Stocks Pushing The Consumer Durables Industry Lower

3 Consumer Durables Stocks Driving The Industry Higher

3 Consumer Durables Stocks Driving The Industry Higher

3 Consumer Goods Stocks Moving The Sector Upward

3 Consumer Goods Stocks Moving The Sector Upward