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Entertainment Gaming Asia Inc. Message Board

  • manner154 manner154 May 27, 2011 7:42 PM Flag

    The land is only worth $25,000 US

    What kind of scam is this. The land is worth roughly $25,000 US. They are giving up a large percentage of the casino for it. And building the guy a large store. It is absurd. You can check the facts on the Internet. Check out the price of land in Cambodia. In Thailand (next door) I buy 1 Rai (1600 square meters ) for $1000.00 US. Land is even cheaper in Cambodia. Wana bet this guy leeds a group that has a controlig interest in EGT. Say good bye to your money. You will probably be building the guy a chain of stores with your money. I am out

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    • Not that the thunderbolts did not try. But I'm reasonably confident the major storms have passed.

      Talking bout storms, I am in Oklahoma now visiting my daughter. Flew in Tuesday to Oklahoma City from Providence with stops in Chicago and St Louis. Called my daughter from St. Louis before taking off. She was sitting in a storm shelter waiting out the tornados that came through Edmond where she lives.

      Not a big fan of roller coasters I was not overly ecstatic re the turbulence we hit coming into OKC.

      Them storms STILL chasing me.

      And a good weekend to you also.

    • CC -

      Well... in holding to the common wisdom that, 'lightening doesn't strike the same place twice.' Afer reading your story, I feel a lot luckier standing next to you on this investment.

      ;-)

      Happy Memorial Day weekend.

    • Read the 8K

      Cambodian casinos can only be owned by Cambodian nationals (ie EGT does NOT qualify for wonershit) That's why we need "Local and JVC partners". We need a strawman owner (probably someone politically connected ) to aquire the land and (thghtly held) casino license. They tun over all rights for 1 dollar per year and in exchange we offer a % of earnings.


      "Psuant to the terms of the Agreement, the JVC will apply for its own gaming license for operation of the Casino in the Pailin Province of Cambodia (the “ Casino License ”) and the Local Partner will lease to the JVC Land A for an annual fee of $1.00 for a period of 20 years from the date of her delivery of the possession of Land A to the JVC (the “ Lease Agreement ”). In addition, the Local Partner has committed, and the JVC has agreed, to lease Land C on the same terms and conditions as the Lease Agreement to the JVC upon expiration or any early termination of the Existing Third Party Lease unless EGT has decided, at its absolute discretion, that the JVC should not enter into such lease based on an Uncontrollable Event at the relevant time. "

      Make more sense now?

 
EGT
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