HONG KONG, March 16, 2015 /PRNewswire/ -- 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 that it has regained compliance with the
listing requirements of the NASDAQ Capital Market.
As previously reported, on April 17,
2014, NASDAQ notified the Company that its common stock was
not in listing compliance as it failed to maintain a minimum bid
price of $1.00 over the previous 30
consecutive business days as required by NASDAQ's listing rules. On
March 12, 2015, the Company received
a notice from the NASDAQ indicating that since the closing bid
price of the Company's common stock had been at $1.00 per share or greater for the last 10
consecutive business days, from February 26
to March 11, 2015, the Company has regained compliance with
Listing Rule 5550(a)(2) and this matter is now
closed.
About Entertainment Gaming Asia Inc.
Entertainment
Gaming Asia Inc. (NASDAQ: EGT), an indirect majority-owned
subsidiary of Melco International Development Limited, is
a gaming company in Pan-Asia engaged in the leasing of
electronic gaming machines on a revenue sharing basis to the gaming
industry in Cambodia and
the Philippines and the
development and operation of casinos and gaming venues in the
Indo-China region under its "Dreamworld" brand. The
Company also manufactures and sells RFID and traditional gaming
chips and plaques to major casinos under its "Dolphin"
brand.
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SOURCE Entertainment Gaming Asia Inc.