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Just gotta love the way EGT is chugging right back up.Solid as a rock here.Even those who just watched dumbfounded today will be ok.If you lost faith in our little gem,there's still plenty of time to get back in.
Greek news of default is in the news today and its been in the news a number of times in the past few years. And yes, the dow is down today but not a major drop. Also NOT all my stock holdings are down today. Where were you when the DOW was at 7500 and predictions said going to drop to 5000?
i wish i had funds when dropped to .81!
talking about Dow Jones being down
If you aren't aware that the market is down today because of the news of Greece possibly defaulting again, not sure what to tell you.
This has had an effect on EGT today for sure like many other stocks.
U and deadjim are probably down so much $ with ur stupid trading strategies.
Greek news? Wow we are global for bad news when it effects SE asian stocks. May have had to sell to cover margin calls on EURO investments.
In @.42 Sold @ 1.06 and back in @ .84.Gotta love trading opps like this.Nice buy jim! You said you wanted .87's and you beat your own target.I doubt we'll see .71 though,but If it happens,I'll be right there with you.Happy trading!!
You got lucky DeadJim
If the Greece news hadn't happened this would never have dropped below $1.
Panic selloff is over and back to .90 now.
Doesn't look like over 1.20 will happen does it?
That's why you don't chase.... to those who thought I was bashing
Looks like a major sell-off. Where is the support? Ugh I hate being on the sidelines with restricted funds. Maybe it will work out for the best.
Hello. I'm new to this stock but I like what I see. I like that they are making a profit and this stock diversifies internationally. Asia is growing rapidly. Is there a reason why the company lost money the 4th quarter of last year? I have been trying to find the 4th quarter 10-q but I can't find it. Looks like they don't file one for the 4th quarter.
I'm just waiting for my restricted funds to clear and then I will most likely buy this stock. It looks like a down day for the markets so I can get in at a lower price. Thanks.
Bad day in the market ! looks like we're turning ? think
that one 1.10 was bottom ? wish I had more funds.
Day before a casino opening and EGT has a pullback? PLUS earnings report on monday that is expected to show improvement. Well to some a profit is a profit. If you got it , take it. Others will pick up where you left off.
Tomorrow $EGT becomes a Casino Stock.
We will get rich valuation going forward and will be treated like a growth stock.
Buy the pullbacks and 1.75 is the next destination ahead of us - $EGT Investors.
EGT P/E ratio is 218.5185
Data from my brokerage company after close on 5/7
EGT P/E ratio is 218.5185.
They have the EPS as 0.0054.
$1.18/.0054 = 218.5185... Wow!
Good morning all and good luck to you in your trading today. My opinionated price estimate is 1.25 high today and closing at 1.16. Tomorrow we should see a bull run and a close above 1.20. IMO
$EGT Survey Results out: over 60% people say EGT will close above 1.20 on May 9th 2012.
EGT is on a monster bull run and it will breakout to 1.75 in the next big move.
Nice Price consolidation in last 4-5 days.
$EGT: Take the Survey.
http://investorshub.advfn.com/boards/board_survey.asp?board_id=13278
$EGT Survey Result below
http://investorshub.advfn.com/boards/board_survey_results.asp?board_id=13278&Survey_Num=1
Lots of stock held their ground today...I'm pleasantly surprised myself.
$EGT: Breaking news today morning.
http://finance.yahoo.com/news/entertainment-gaming-asia-announces-groundbreaking-130000635.html
Entertainment Gaming Asia Inc. (NYSE Amex: EGT) (“Entertainment Gaming Asia” or “the Company”), a leading gaming company focused on emerging gaming markets in Pan-Asia, today announced it will hold the groundbreaking ceremony for its slot hall project in Poipet, Cambodia (the “Poipet Project”) on May 10, 2012 at 4:00 p.m. local time. The Poipet Project, strategically located at Cambodia’s most significant border crossing with Thailand, will be constructed as an extension of an existing popular casino and will be operated by the Company under its Dreamworld brand name.
The $7.5 million internally funded Poipet Project is expected to open by the end of this year. It is intended to measure approximately 12,000 square feet (1,100 square meters) and house a comprehensive suite of 300 high-quality electronic gaming machine seats from top-tier manufacturers.
Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “We are pleased to begin the development phase of our exciting new Dreamworld Poipet Project and plan to commence full construction efforts shortly. We believe our Dreamworld Poipet Project 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. We invite investors to visit our corporate website at www.EGT-Group.com to follow the development of our gaming projects.”
$EGT hit 1.25 (Up 0.08) (Up 7%) with heavy volume.
Next stop is 1.75
(EGT) has a new $3.25 cent price target in 2012!
http://hotpennystocksonline.com/?p=894
http://finance.yahoo.com/q?s=EGT
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74930414
EGT holding 1.19 in first hour trading
Good sign, as premarket hit a high of $1.23
1.30-1.40 by Friday! IMO
EGT might be one of the only ones to buffer against the market and when other traders realize its direction, could be a safe haven money maker for them.
Go EGT !!
The early spike made me nervous however it seems as if we will surpass that mark by noon. $EGT #StockAction @myTraderGang
Remember we still have two more casinos opening up this year and more in 2013. Lots of new profit revenue streams. Make sure you buy early today and hold for next weeks big news on Tuesday!
EGT expansion news.......
http://finance.yahoo.com/news/entertainment-gaming-asia-announces-groundbreaking-130000635.html
EGT: PRE - MARKET
http://www.nasdaq.com/symbol/egt/premarket
EGT: NOW..... Bid $1,18 ask$1,23
Have a good day,
janet
Okay I see, that makes sense, thank you!
Stop, u guys are scaring me...mama mama lol lol lol
sounds realistic...however, these weeks can be biased perhaps in a good way due to Facebook IPO triggering the entire social media sector. Keep in mind we're talking about a stock that just hit its 52-week highs.
tradergang.com
Bingo, on both the markets and costs.
Stop loss engaged...crazy week ahead in the markets IMO...this has upside potential but it costs money to open casinos, right?
toats - The reason that many incurage longer term shareholders to put a HIGH sell price on thier shares is in PUTTING a sell price on your shares they become NOT-AVALABLE for shorting purposes. Shorting without having shares is called NAKED-SHORTING and only an MM handling that particula stock may do so.
Breakout to 1.75 this week
In a couple of years, EGT will be a big name to reckon with.
EGT will make new all time highs in the 8-10 dollars.
More cash flow will help them to develop more casinos in the future.
Not just that, the new casinos will be lot bigger and more luxurious.
Time will prove that current prices are cheaper in the retrospective.
Not just 1.75
And not just 3.25
But 7-10 dollars by 2012-2013.
Timeline is based on how soon the market realizes the potential opportunity from
Dreamland Pailin Casino.
Dreamland Kampot Casino.
Sokha Resort participation deal is a game changer with WUD in the order of 400-500$
Slot machine deal in Poippet.
Phillipines WUD has started to turn around going over 70$ average monthly in recent months in 1st quarter.
Debt will be zero by end of year 2012.
Dreamland Takeo Casino, the biggest of all.
I keep hearing everyone say that about high sell price, how does it make them not able to borrow? Sorry if it's dumb question lol
Remember they just opened a new casino and they have (2) more still opening this year in 2012. They also have several opening up in 2013! With all these new profit revenue streams the stock has a new evaluation of $3.25 a share in 2012.
Remember those key facts and buy on the dips and hold long term. If you buy now and hold for 6 months to 12 months you will make more than 200% returns. Remember when you buy your shares of any stock set you high sell price ahead of time so the shorts do not borrow your shares. I have a sell price set at $10.00 a share:)
Are you like everywhere?
Every place I go you're already camped out. So, are these guys
going to crush on the 15th?
$EGT CEO Clarence Chung on
StockTradersRadio Talk show soon.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75257258
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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.
www.EGT-Group.com
About Our Company » Vision, Mission, Values » Contact Us » Gaming Operations » Dolphin Subsidiary » Markets Pailin Project Updates
Senior Management
Team
» Board of Directors » Committee Charters » Code of Ethics » Communication with the Board of Directors
Stock Information
» View Press Releases Archived » Webcasts » Financial Information » Annual Reports » Company Presentation
» Events Calendar » General Information » Request Information » Legal Disclaimer
Contact Us
United States
40 E. Chicago Avenue, #186
Chicago, IL 60611-2026
USA
Tel: (312) 867-0848
E-mail:
tracimangini@EGT-Group.com
Hong Kong
Unit 3705, 37/F The Centrium,
60 Wyndham Street,
Central, Hong Kong
Tel: (852) 3151-8000
Philippines
Unit 31-A, 31/F Rufino Pacific Tower, 6784 Ayala Avenue,
Makati City
Philippines
Tel: (632) 856-6856
Cambodia
Unit 8 & 9 Ground Floor
Hotel Cambodiana North Wing,
313 Sisowath Quay,
Phnom Penh, Cambodia
Tel: (855) 12-832-574
Australia
600 Waterdale Road
Heidelberg West
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.
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