Entertainment Gaming Asia Announces Groundbreaking Ceremony for Its Slot Hall Project in Poipet, Cambodia on May 10, 2012
07 5월 2012 - 10:00PM
Business Wire
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, today announced it will hold
the groundbreaking ceremony for its slot hall project in Poipet,
Cambodia (the “Poipet Project”) on May 10, 2012 at 4:00 p.m. local
time. The Poipet Project, strategically located at Cambodia’s most
significant border crossing with Thailand, will be constructed as
an extension of an existing popular casino and will be operated by
the Company under its Dreamworld brand name.
The $7.5 million internally funded Poipet Project is expected to
open by the end of this year. It is intended to measure
approximately 12,000 square feet (1,100 square meters) and house a
comprehensive suite of 300 high-quality electronic gaming machine
seats from top-tier manufacturers.
Clarence Chung, Chairman and Chief Executive Officer of
Entertainment Gaming Asia, commented, “We are pleased to begin the
development phase of our exciting new Dreamworld Poipet Project and
plan to commence full construction efforts shortly. We believe our
Dreamworld Poipet Project will elevate the gaming experience in
this market to a higher level. Our entrance into the established
and growing gaming market of Poipet is a positive step in our
strategy to become a leading developer and operator of regional
casinos and gaming venues in Indo-China. We invite investors to
visit our corporate website at www.EGT-Group.com to follow the
development of our gaming projects.”
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
its casino and gaming projects, growth of the gaming industry in
the Indo-China region and the Company’s ability to secure new
casino and gaming 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.
Entertaining Gaming Asia Incorporated (AMEX:EGT)
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Entertaining Gaming Asia Incorporated (AMEX:EGT)
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