Entertainment Gaming Asia’s Dolphin Subsidiary Receives $3.3 Million Gaming Chip & Plaque Order for the New City of Dreams ...
April 30 2014 - 8:35AM
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 received a $3.3 million gaming chip and plaque order
to supply Melco Crown (Philippines) Resorts Corporation’s (PSE:MCP)
new City of Dreams Manila resort in the Philippines. The order is
expected to be booked in the fourth quarter of 2014 and marks
Dolphin’s second major gaming chip order in the growing Philippine
gaming market. City of Dreams Manila, a premier integrated resort
expected to open in 2014, will be the second property to open in
the Entertainment City casino and tourist complex in Manila Bay.
The property will include the ultra luxurious Crown Towers Hotel,
trend-setting Nobu Hotel and a five-star luxury hotel as well
as a casino, entertainment facilities, retail
outlets and restaurants.
Panos Makridis, Senior Vice President Gaming Products of Dolphin
Products Limited, commented, “Dolphin is pleased to be the supplier
of gaming chips and plaques to the new City of Dreams Manila. The
order includes a range of Dolphin’s high-level security features
including RFID. We believe this order reflects Dolphin’s commitment
to the highest quality and value as well as demonstrates our strong
relationships in the Asian gaming market.”
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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