Tuesday, August 07, 2012 2:10:09 PM
$EGT: Chart
Reports Second Quarter 2012 Results and Provides Market Update
- Company Achieves Record Quarterly Gaming Revenue –
- Gaming Chip and Plaque Operations Post Solid Revenue Growth and Secure a $2 Million New Order –
- Development of Dreamworld Poipet in Cambodia is Underway –
Highlights:
Record quarterly total revenue from gaming operations of $5.2 million for the second quarter of 2012
Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization and non-cash charges) of $2.8 million for the second quarter of 2012
Net income of $484,000 for the second quarter of 2012
Average consolidated win per unit per day (WUD) for the slot operations (formerly referred to as the participation business) of $147 for the second quarter of 2012
Gaming chip and plaque sales of $978,000 for the second quarter of 2012, representing nearly 50% of total gaming chip and plaque sales for the full year 2011
Cash balance of $11.8 million as of June 30, 2012
Total debt reduced to $3.1 million as of June 30, 2012
In May 2012, the Company opened the mass market floor of Dreamworld Pailin in Cambodia, its first casino development project. Operations are in the early ramp-up stages and results are not yet normalized.
Dreamworld Poipet in Cambodia is under development and expected to open in the first quarter of 2013.
The Company has secured a $2 million gaming chip and plaque order from an existing customer to be delivered in the third quarter of 2012.
Reports Second Quarter 2012 Results and Provides Market Update
- Company Achieves Record Quarterly Gaming Revenue –
- Gaming Chip and Plaque Operations Post Solid Revenue Growth and Secure a $2 Million New Order –
- Development of Dreamworld Poipet in Cambodia is Underway –
Highlights:
Record quarterly total revenue from gaming operations of $5.2 million for the second quarter of 2012
Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization and non-cash charges) of $2.8 million for the second quarter of 2012
Net income of $484,000 for the second quarter of 2012
Average consolidated win per unit per day (WUD) for the slot operations (formerly referred to as the participation business) of $147 for the second quarter of 2012
Gaming chip and plaque sales of $978,000 for the second quarter of 2012, representing nearly 50% of total gaming chip and plaque sales for the full year 2011
Cash balance of $11.8 million as of June 30, 2012
Total debt reduced to $3.1 million as of June 30, 2012
In May 2012, the Company opened the mass market floor of Dreamworld Pailin in Cambodia, its first casino development project. Operations are in the early ramp-up stages and results are not yet normalized.
Dreamworld Poipet in Cambodia is under development and expected to open in the first quarter of 2013.
The Company has secured a $2 million gaming chip and plaque order from an existing customer to be delivered in the third quarter of 2012.
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