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Entertainment Gaming Asia Inc. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Aug 27, 2007 2:30 PM Flag

    EGM Placement Question

    There are some standards that Elixir must meet in making an EGM placement. Elixir cannot sell EGMs to Vendingdata, dump them along some seldom-traveled muddy jungle road, and say that it has made a placement!

    some definitions in http://sec.gov/Archives/edgar/data/1004673/000089256907001058/a31070ddef14a.htm#120 :

    "Placement" means a Qualified Lessee's full-time operation of an EGM in its public gaming area pursuant to a Participation Agreement (subject to any temporary closure of such public gaming area for a period of up to three months as may be required in order to comply with applicable Legal Requirements or due to any public safety reasons or such other causes which are beyond the reasonable control of the relevant Qualified Lessee).

    "Qualified Lessee" means a gaming operation located in the Exclusive Territory that is operating in compliance with all material Legal Requirements.

    "Exclusive Territory" shall have the meaning ascribed to such term in the Sales Representative Agreement.

    <<<
    http://sec.gov/Archives/edgar/data/1004673/000114420406047790/v057555_ex10-2.htm :
    "Exclusive Territory" means Asia and any Designated Member no matter where located (subject however to clause 1.1 below).

    "Asia" means all Cambodia, China, Goa, Guam, India, Japan, Kazakhstan, Korea, Laos, Macau, Malaysia, Myanmar, Mongolia, Nepal, Philippines, Saipan, Singapore, Russia, Sri Lanka, Tinian Islands, Taiwan, Thailand, Vietnam, provided that each of the forgoing are legal gaming jurisdictions at such time, any cruise ship based in any of these jurisdictions and all other gaming jurisdictions in Asia that subsequently become legal

    "Designated Members" means : any casino (and includes where applicable the owner or operator (or their respective agents) of any such venue) in Macau that operates under the concession granted by the Macau government to SJM or any sub-concession granted by SJM; and any other casino if SJM, STDM, Melco or the Melco-PBL JV have a direct or indirect legal or beneficial interest of at least 19.9% of the equity interest in the entity that owns, manage or operates that casino.
    >>>

    "Legal Requirement" means any federal, state, local, municipal, tribal, foreign or other law, statute, constitution, principle of common law, resolution, ordinance, code, edict, decree, rule, regulation, permit, consent, approval, license, judgment, order, injunction, authorization, ruling or requirement issued, enacted, adopted, promulgated, implemented, governing or otherwise put into effect by or under the authority of any governmental body (or under the authority of the American Stock Exchange), including Gaming Laws.

    "Gaming Laws" means, with respect to any Person, any federal, local, municipal, tribal, foreign or other law, statute, constitution, resolution, ordinance, code, edict, decree, rule, regulation, permit, consent, approval, license, judgment, order, injunction, authorization, ruling or requirement issued, enacted, adopted, promulgated, implemented, governing or otherwise put into effect by or under the authority of any Gaming Authorities relating to the current or contemplated gaming activities and operations of such Person and its Affiliates.

 
EGT
0.73+0.08(+12.31%)Oct 1 4:00 PMEDT

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