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Entertainment Gaming Asia Inc. Message Board

  • drmicrocaps drmicrocaps Nov 13, 2012 11:25 AM Flag

    3rd Quarter and 9 Month Results

    http://finance.yahoo.com/news/entertainment-gaming-asia-reports-third-130000520.html

    Sentiment: Buy

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    • Entertainment Gaming Asia Inc. Reports Third Quarter 2015 Results
      - Company Achieves Profitability for the Third Consecutive Quarter of 2015 Driven by Improvements in Both Business Divisions -
      PR Newswire Entertainment Gaming Asia Inc.
      November 9, 2015 7:30 AM

      HONG KONG, Nov. 9, 2015 /PRNewswire/ -- Entertainment Gaming Asia Inc. (EGT) ("Entertainment Gaming Asia" or "the Company"), a gaming company focused on emerging gaming markets in Pan-Asia, today reported operating results for the third quarter ended September 30, 2015 and reviewed recent corporate progress.

      View photo
      .Entertainment Gaming Asia Inc. Logo
      Key Financial Metrics

      Consolidated revenues of $8.3 million for the third quarter of 2015
      Adjusted EBITDA (earnings from continuing operations before interest, taxes, depreciation, amortization and non-cash charges) of $3.4 million for the third quarter of 2015
      Net income of $1.4 million for the third quarter of 2015
      Cash balance of $25.3 million and zero debt as of September 30, 2015
      Third Quarter of 2015 Financial Performance
      The Company's third quarter of 2015 consolidated revenue was $8.3 million, an increase of 88% compared to $4.4 million in the third quarter of 2014 due to increases in both the gaming operations and gaming products business divisions.

      Gaming operations revenue was $4.5 million for the third quarter of 2015, an increase of 13% compared to $4.0 million in the third quarter of 2014. Average consolidated daily net win per unit was $120 for the third quarter of 2015, an increase of 20% compared to $100 in the third quarter of 2014. The increases were primarily due to improvements in the Cambodia operations partially offset by a decline in the Philippines operations.

      Cambodia average daily net win per unit was $152 for the third quarter of 2015, an increase of 33% compared to $114 in the prior year period primarily due to improved performance at NagaWorld.

      Sentiment: Strong Buy

    • Entertainment Gaming Asia Inc. Reports Third Quarter 2013 Results and Provides Market Update
      Business WirePress Release: Entertainment Gaming Asia Inc. – 12 hours ago..

      Entertainment Gaming Asia Inc. (EGT) (“Entertainment Gaming Asia” or “the Company”), a leading gaming company focused on emerging gaming markets in Pan-Asia, today reported operating results for the third quarter ended September 30, 2013 and reviewed recent corporate progress.

      Highlights:
      • Total consolidated revenue of $5.7 million for the third quarter of 2013
      • Total revenue from gaming operations of $4.5 million for the third quarter of 2013
      • Average consolidated win per unit per day (WUD) from slot operations of $108 for the third quarter of 2013
      • Revenue from gaming products of $1.1 million for the third quarter of 2013
      • Adjusted EBITDA (earnings from continuing operations before interest, taxes, depreciation, amortization and non-cash charges) of $1.8 million for the third quarter of 2013
      • Net loss of $309,000 for the third quarter of 2013
      • Cash balance of $4.6 million and zero debt as of September 30, 2013
      • Dreamworld Poipet achieved positive EBITDA for the third quarter of 2013
      • Dolphin gaming chips and plaques current order pipeline of approximately $1.3 million in revenue

      Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “Gaming operations revenue improved slightly for the third quarter compared to the prior year period due to incremental revenue contribution from Dreamworld Poipet and improvement in Dreamworld Pailin, which offset declines in other slot operations.

      Sentiment: Strong Buy

    • Well ... there was SOME good news...
      - Dolphin is adding more top line revenue ( but not much to the bottom line due to margins)
      - Dolphin marketing is expanding
      - Debt will be paid out in December
      - Poipet is still scheduled for 1Q2013 "Soft Opening"

      The so-so news is that

      WUD revenue is down,
      Still not breaking out Table revenue from Slot revenue in Financials
      Normalization of a facility classified with a "Soft Opening" status can take up to a year
      Sokah location slow to ramp up (blames hotel ownership)
      No word on if we are participating in the NAGA expansion
      No firm future development locations after Poipet announced

 
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