HONG KONG, Sept. 1, 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 Andy
Tsui, Chief Accounting Officer, has served notice to resign
effective as of September 30, 2015 to
pursue another career opportunity. Ms. Traci Mangini, the Company's Senior Vice
President Corporate Finance, has been appointed the interim Chief
Financial Officer effective as of October 1,
2015. Mr. Tsui has agreed to continue to assist the Company
on an as needed basis for a period following his departure to best
ensure a seamless transition.
Clarence Chung, Chairman and
Chief Executive Officer of Entertainment Gaming Asia, commented,
"Andy has been a valued member of our management team for more than
seven years and was instrumental in building a solid finance
organization. On behalf of the Company and our board of
directors, I thank him for his dedicated service and his
willingness to stay on board to ensure a successful
transition. We wish him well in his future endeavors.
"We are pleased that Traci has agreed to step into the role of
interim Chief Financial Officer as we continue our efforts to grow
and expand our operations. Traci has more than 15 years of
financial experience, including over seven years at the Company
where she has worked closely with our financial statements and
public disclosures."
Ms. Mangini joined Entertainment Gaming Asia in June 2008 as senior vice president corporate
finance after spending approximately eight years in equity
research. For five years prior to joining the Company, she worked
at ThinkEquity, a then subsidiary of Panmure Gordon & Co.,
where she became a partner and was a senior equity research analyst
responsible for coverage of companies in the domestic and
international gaming sector. Previously, she also served as a
vice president and research analyst covering consumer companies at
both Merriman Curhan Ford &
Company and First Security Van Kasper, which was acquired by Wells
Fargo & Company. Ms. Mangini holds a master of science in
quantitative analysis from Boston
University and a bachelor of arts in business administration
from the University of San Diego.
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 gaming venues in Asia under its "Dreamworld"
brand. The Company also manufactures and sells RFID and
traditional gaming chips and plaques to major casinos under its
"Dolphin" brand.
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 Company's ability to grow
and expand its operations. 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 set forth in
the Company's annual report on Form 10-K for the year ended
December 31, 2014 filed with the SEC
on March 26, 2015 and subsequently
filed quarterly reports on Form 10-Q. The Company cautions readers
not to place undue reliance on any forward-looking statements. The
Company 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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SOURCE Entertainment Gaming Asia Inc.