Entertainment Gaming Asia’s Dolphin Subsidiary Receives $700,000 Reorder From Solaire Resort & Casino In The Philippines
Entertainment Gaming Asia Inc. (NASDAQ: EGT) (“Entertainment Gaming
Asia” or “the Company”), a gaming company focused on emerging gaming
markets in Pan-Asia, today announced its Dolphin subsidiary has...
Entertainment Gaming Asia Inc. (NASDAQ: EGT) (“Entertainment Gaming Asia” or “the Company”), a gaming company focused on emerging gaming markets in Pan-Asia, today announced its Dolphin subsidiary has secured a major reorder to supply its gaming chips and plaques to Bloomberry Resorts Corp.’s (PSE: BLOOM) Solaire Resort & Casino (“Solaire”). Dolphin was the supplier of gaming chips for Solaire’s Phase 1, which opened in March 2013, and has now been selected to supply both gaming chips and plaques for its Phase 1A expansion, which is expected to open in the third quarter of 2014. The order is valued at $700,000 in revenue, which the Company expects to record in the third quarter of 2014. Solaire, a premier integrated resort, is the first property to open in the Entertainment City casino and tourist complex in Manila Bay, Philippines. Solaire’s Phase 1 features approximately 200,000 square feet of gaming space, approximately 500 hotel rooms and suites, restaurants, entertainment amenities and conference facilities. Phase 1A will include a new 300-suite hotel tower, an expanded gaming floor, additional restaurants and a retail promenade. Panos Makridis, Senior Vice President Gaming Products of Dolphin Products Limited, commented, “Dolphin is proud to be Solaire’s provider of casino currency. We believe this reorder, which includes both gaming chips and plaques with a range of Dolphin’s high-level security features, further strengthens our relationship with this prominent customer and demonstrates their acknowledgment of the superior quality of Dolphin’s chips and plaques and their value for the money.” About Entertainment Gaming Asia Inc. Entertainment Gaming Asia Inc. (NASDAQ: EGT) is a 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 revenue sharing basis to the gaming industry. The Company also manufactures and sells RFID and traditional gaming chips and plaques to major casinos under its “Dolphin” brand. 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 business of Entertainment Gaming Asia’s Dolphin subsidiary, the demand for its gaming chips and expectations for future revenue. 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, the Company’s ability to adhere to the necessary quality control and production schedule requirements, the irregular nature of orders for its gaming chips and other risks set forth in Entertainment Gaming Asia’s annual report on Form 10-K for the year ended December 31, 2013 filed with the SEC on March 31, 2014 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.