HONG KONG--(BUSINESS WIRE)--
Entertainment Gaming Asia Inc. (EGT) (“Entertainment Gaming Asia” or “the Company”), a leading gaming company focused on emerging gaming markets in Pan-Asia, is pleased to announce the grand opening of Dreamworld Club in Poipet, Cambodia on May 9, 2013. The grand opening ceremony will be held at 9:00 a.m. local time. Dreamworld Club, strategically located at one of Cambodia’s most significant border crossings with Thailand, is a standalone slot hall constructed as an extension of an existing popular casino in the established gaming market of Poipet. It will be the Company’s second Dreamworld development project to open and aims to set a new standard for gaming in this regional market.
This $7.5 million internally funded project has been constructed on approximately 16,000 square feet of prominently located land and features a comprehensive suite of 300 high-quality gaming machine seats from leading manufacturers. Dreamworld Club has been operating under a soft open since March 28, 2013 and caters to mass market and VIP premium players visiting from the surrounding areas.
Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “We are pleased to hold the grand opening for our second Dreamworld development project. With our quality suite of gaming machines, superior service and appealing atmosphere, we believe Dreamworld Club 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. Further, we continue our efforts to be a responsible citizen in Cambodia and contribute to the growth of its economy. We are proud that our gaming operations in the country have created over 700 jobs to-date.”
Entertainment Gaming Asia Inc. (EGT) is a leading 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 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, 2012 filed with the SEC on March 28, 2013 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.
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Traci Mangini, 312/867-0848