Entertainment Gaming Asia Inc. engages in the ownership and leasing of electronic gaming machines (EGMs) in resorts, hotels, and other venues primarily in Cambodia and the Philippines. It also designs, manufactures, and distributes table game products consisting of RFID casino chips that enable casinos to identify counterfeit casino chips and track table play; traditional casino chips for various table games that include a range of American-style gaming chips; and RFID casino plaques. In addition, the company engages in the design, manufacture, and distribution component parts, including inner and remote door handles, fuel filler hinge assemblies, module brackets, steering wheel spoke covers, speaker grills, fasteners, safety products, and cosmetic components primarily for the automotive industry. As of May 1, 2011, it operated 1,515 EGM seats, which included 723 EGM seats in Cambodia and 792 EGM seats in the Philippines. The company was formerly known as Elixir Gaming Technologies, Inc. and changed its name to Entertainment Gaming Asia Inc. in July 2010. Entertainment Gaming Asia Inc. was founded in 1995 and is based in Central, Hong Kong.
About Entertainment Gaming Asia Inc.
Entertainment Gaming Asia Inc. (NYSE Amex: EGT) is a leading provider of electronic gaming machines on a participation basis to the Pan-Asian gaming industry. The Company secures long-term contracts to provide electronic gaming machines and related systems to premier hotels and other well-located gaming venues in Asia. The Company retains ownership of the gaming machines and systems and receives recurring daily or monthly fees based on an agreed upon percentage of the net gaming win per machine and provides on-site maintenance. Entertainment Gaming Asia Inc. is also engaged in the development of casinos in the Indo-China region where it intends to own and operate casino resorts under the "Dreamworld" brand. For more information please visit www.EGT-Group.com.
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40 E. Chicago Avenue, #186
Chicago, IL 60611-2026
Tel: (312) 867-0848
Unit 3705, 37/F The Centrium,
60 Wyndham Street,
Central, Hong Kong
Tel: (852) 3151-8000
Unit 31-A, 31/F Rufino Pacific Tower, 6784 Ayala Avenue,
Tel: (632) 856-6856
Unit 8 & 9 Ground Floor
Hotel Cambodiana North Wing,
313 Sisowath Quay,
Phnom Penh, Cambodia
Tel: (855) 12-832-574
600 Waterdale Road
Victoria, Australia 3081
Tel: (613) 9455-3933
Gaming Participation: Our primary operations currently consist of purchasing and leasing electronic gaming machines on a revenue sharing (participation) basis to the rapidly growing and emerging gaming markets in Pan Asia. Our strategic presence and focus is on Cambodia, where we brand our operations Dreamworld, and the Philippines. We secure long-term contracts to provide electronic gaming machines and related systems to premier hotels and other well-located gaming venues in Asia. We retain ownership of the gaming machines and systems and receive recurring fees or either a daily or monthly basis based on an agreed upon percentage of the net win per machine and provide on-site maintenance.
Casino Development and Operations: Leveraging our market expertise and the "Dreamworld" brand from our gaming machine participation operations, we intend to expand our gaming operations and become an owner and operator of our own regional casinos under our "Dreamworld" brand in select emerging markets in the Indo-China region. This approach allows us the potential for higher long-term incremental returns on our operations given the ability to collect up to 100% of the net win of our gaming stations. In addition, it provides us greater long-term control of our operations.
Currently, we have secured three casino projects in Cambodia. Two of these project are located near the Vietnam border in the provinces of Kampot ("Kampot Project") and Takeo ("Takeo Project"). The third project is located in Pailin ("Pailin Project") near the Thailand border.
The Kampot Project
The Kampot Project will be developed under a joint venture company on over 100,000 square feet of land strategically located near one of southern Cambodia's busy border crossing checkpoints with Vietnam. One of a few gaming establishments in the area, the casino will cater to visitors from several major metropolitan areas in the region.
The casino is expected to include table games such as baccarat, roulette and dice games as well as electronic gaming machines. The initial phase of the casino is expected to be opened in the second quarter of 2012 with up to 14 table games and 25 electronic gaming machine seats. Subsequent development phases could, depending on market demand, include additional casino floor space and equipment as well as complementary facilities such as hotel rooms, a spa and other entertainment amenities.
Architectural Rendering of Initial Phase of the Kampot Project
The Pailin Project
The Pailin Project will be located on a growing trade route with solid infrastructure between Cambodia and Thailand (approximately four hours from Phnom Penh and three hours from Bangkok by car). It will cater to mass market and premium players from the major nearby cities in the region and will be one of a few existing casinos in the area and the closest to the border checkpoint.
The casino is initially intended to include approximately 23 table games and 40 electronic gaming machine seats. The initial phase is expected to open in the second quarter of 2012, subject to the timely issuance of the required gaming license and construction permits. While the initial phase of the casino will have a footprint of approximately 15,000 square feet, we have the opportunity to lease at a future date the adjacent land to develop additional phases of the project. Such additional phases are intended to include expanded casino operations and complementary facilities such as hotel rooms, a spa and other entertainment amenities, which could expand the footprint of the project to over 170,000 square feet.
The Takeo Project
The Dreamworld Casino and Resort will be strategically positioned on seven acres of land we have purchased near a border crossing station and on the national highway that connects the capital city of Phnom Penh with several major cities in southern Vietnam. The Dreamworld Casino and Resort is expected to cater to visitors and tourists in the area, which includes the capital city of Phnom Penh and several major cities in southern Vietnam with a combined estimated population of approximately 18 million people. In addition, as a further attraction to the area, the casino hotel will be located near an existing duty free trading zone that houses a large shopping facility as well as a famous temple that attracts over one million visitors annually.
The project timeline and development plans for the Takeo Project are currently under review pending the outcome of negotiations of other potential projects in the pipeline, which could offer higher projected short-term returns.
We continue to actively build a pipeline of new potential projects in the region to achieve our growth objectives and our goal of becoming a leading operator of regional casinos in the Indo-China region.