Entertainment Gaming Asia Announces the Grand Opening of Dreamworld Club in Poipet on May 9, 2013
April 22 2013 - 9:00AM
Business Wire
Entertainment Gaming Asia Inc. (NASDAQ: EGT) (“Entertainment
Gaming Asia” or “the Company”), a leading gaming company focused on
emerging gaming markets in Pan-Asia, is pleased to announce the
grand opening of Dreamworld Club in Poipet, Cambodia on May 9,
2013. The grand opening ceremony will be held at 9:00 a.m. local
time. Dreamworld Club, strategically located at one of Cambodia’s
most significant border crossings with Thailand, is a standalone
slot hall constructed as an extension of an existing popular casino
in the established gaming market of Poipet. It will be the
Company’s second Dreamworld development project to open and aims to
set a new standard for gaming in this regional market.
Dreamworld Club Entrance (Photo: Business
Wire)
This $7.5 million internally funded project has been constructed
on approximately 16,000 square feet of prominently located land and
features a comprehensive suite of 300 high-quality gaming machine
seats from leading manufacturers. Dreamworld Club has been
operating under a soft open since March 28, 2013 and caters to mass
market and VIP premium players visiting from the surrounding
areas.
Clarence Chung, Chairman and Chief Executive Officer of
Entertainment Gaming Asia, commented, “We are pleased to hold the
grand opening for our second Dreamworld development project. With
our quality suite of gaming machines, superior service and
appealing atmosphere, we believe Dreamworld Club 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.
Further, we continue our efforts to be a responsible citizen in
Cambodia and contribute to the growth of its economy. We are proud
that our gaming operations in the country have created over 700
jobs to-date.”
Entertainment Gaming Asia Inc. (NASDAQ: EGT) is a
leading 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 timeline and working capital requirements for
its casino and gaming projects, growth of the gaming industry in
the Indo-China region and the Company’s ability to secure new
casino and gaming projects and fund those projects as well. 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, risks related to Entertainment Gaming Asia’s ability to
place gaming machines at significant levels and generate the
expected amount of net win from the gaming machines placed, obtain
the gaming license and building permits and complete the
development for the casino projects on a timely basis or at all,
identify, procure successfully develop additional casino projects
in the Indo-China region, acquire additional capital as and when
needed and those other risks set forth in Entertainment Gaming
Asia’s annual report on Form 10-K for the year ended December 31,
2012 filed with the SEC on March 28, 2013 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.
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