Entertainment Gaming Asia’s Dolphin Subsidiary Receives $700,000 Reorder from Solaire Resort & Casino in the Philippines
April 28 2014 - 7:30AM
Business Wire
Entertainment Gaming Asia Inc. (NASDAQ: EGT) (“Entertainment
Gaming Asia” or “the Company”), a gaming company focused on
emerging gaming markets in Pan-Asia, today announced its Dolphin
subsidiary has secured a major reorder to supply its gaming chips
and plaques to Bloomberry Resorts Corp.’s (PSE: BLOOM) Solaire
Resort & Casino (“Solaire”). Dolphin was the supplier of gaming
chips for Solaire’s Phase 1, which opened in March 2013, and has
now been selected to supply both gaming chips and plaques for its
Phase 1A expansion, which is expected to open in the third quarter
of 2014. The order is valued at $700,000 in revenue, which the
Company expects to record in the third quarter of 2014. Solaire, a
premier integrated resort, is the first property to open in the
Entertainment City casino and tourist complex in Manila Bay,
Philippines. Solaire’s Phase 1 features approximately 200,000
square feet of gaming space, approximately 500 hotel rooms and
suites, restaurants, entertainment amenities and conference
facilities. Phase 1A will include a new 300-suite hotel tower, an
expanded gaming floor, additional restaurants and a retail
promenade.
Panos Makridis, Senior Vice President Gaming Products of Dolphin
Products Limited, commented, “Dolphin is proud to be Solaire’s
provider of casino currency. We believe this reorder, which
includes both gaming chips and plaques with a range of Dolphin’s
high-level security features, further strengthens our relationship
with this prominent customer and demonstrates their acknowledgment
of the superior quality of Dolphin’s chips and plaques and their
value for the money.”
About Entertainment Gaming Asia Inc.
Entertainment Gaming Asia Inc. (NASDAQ: EGT) is a 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 business of Entertainment Gaming Asia’s
Dolphin subsidiary, the demand for its gaming chips and
expectations for future revenue. 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, the Company’s
ability to adhere to the necessary quality control and production
schedule requirements, the irregular nature of orders for its
gaming chips and other risks set forth in Entertainment Gaming
Asia’s annual report on Form 10-K for the year ended December 31,
2013 filed with the SEC on March 31, 2014 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.
Entertainment Gaming Asia Inc.Traci Mangini,
312-867-0848TraciMangini@EGT-Group.com
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