After 2016 saw its auctioning of a huge bit of its domain and completely leave the Cambodian market, electronic gaming machines administrator Entertainment Gaming Asia Incorporated is currently to be de-recorded from the Nasdaq trade and taken into private hands.
Entertainment Gaming Asia Incorporated finished the year by offloading 278 electronic gaming machine seats set in Dreamworld Club Poipet and 72 spots it was holding away alongside save parts and accomplices to the property’s proprietor, Thai casino administrator, Crown Resorts Company Limited, for $900,000 while May saw it report a first-quarter net loss of $2.04 million, which contrasted with a shortage of $1.48 million for the underlying three months of 2016.
The arrangement, which has esteemed each offer of Entertainment Gaming Asia Incorporated at $2.35, comes after July saw Entertainment Gaming Asia Incorporated offer 670 electronic gaming machine seats it held at Phnom Penh’s NagaWorld Hotel And Entertainment Complex for $2.5 million in real money while it thusly made $750,000 by offloading 154 spots inside the Leisure World VIP Slot Club in the Philippines. These courses of action with an undisclosed outsider were soon trailed by a choice to discard 71 positions the company worked at Cambodia’s Thansur Bokor Highland Resort Casino for $250,000.
Entertainment Gaming Asia Incorporated had moreover worked machines inside the Dreamworld Casino Pailin close to Cambodia’s fringe with Thailand until pitching this business to a neighborhood firm in 2014 for $500,000 following two years of income worthlessness that had prompted lost $2.5 million. It had besides made and appropriated gaming chips, plaques, and related items by means of its Dolphin Products Limited auxiliary before releasing this backup to Gaming Partners International Corporation in late-April for $5.9 million.
The firm is currently set to be claimed by an undertaking called EGT Nevada Holding Incorporated alongside Hong Kong-recorded parent Melco International Development Limited, which is driven by Asian casino head honcho Lawrence Ho Yau Lung, after the match finished a formerly declared $9.4 million delicate for 92.53% of the association’s remarkable offers.
