Current Report Filing (8-k)
December 28 2016 - 9:16AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event
reported): December 21, 2016
ENTERTAINMENT GAMING ASIA INC.
(Exact Name of Registrant as Specified in
Its Charter)
Nevada
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001-32161
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91-1696010
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(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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37/F, The Centrium
60 Wyndham Street
Central, Hong Kong SAR
(Address of principal executive offices)
+ 852-3151-3800
(Registrant’s telephone number, including
area code)
Not applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions.
¨
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Item 1.02 Termination of a Material
Definitive Agreement
On December 21, 2016, we, together with
the venue and land owners of Dreamworld Club (Poipet), entered into an agreement to terminate the machines operation and participation
agreement among the parties dated April 2, 2012, or the participation agreement, effective December 1, 2016. Pursuant to the participation
agreement, the ownership of the Dreamworld Club (Poipet) building structure, which was constructed and paid for by us on the property
of the land owner of Dreamworld Club (Poipet), reverted to the venue owner upon termination of the participation agreement.
Item 2.01 Completion of Acquisition
or Disposition of Assets
On December 21, 2016, we completed the sale
of gaming assets in Cambodia, including our 278 electronic gaming machine (EGM) seats placed in Dreamworld Club (Poipet), 72 EGM
seats held in Cambodia storage and gaming equipment spare parts and accessories, to the venue owner of Dreamworld Club (Poipet)
in Cambodia for cash proceeds of $900,000. The cash proceeds from the sale were received in full and the transaction closed on
December 23, 2016.
Item 9.01 Financial Statements and Exhibits
(d)
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Exhibits
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Method Filing
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The following exhibit is filed with this
report:
Exhibit 99.1
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Press release dated December 28, 2016 regarding the registrant’s sale of its gaming assets in Cambodia and the termination of its machines operation and participation agreement for Dreamworld Club (Poipet)
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Filed Electronically herewith
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ENTERTAINMENT GAMING ASIA INC.
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Dated: December 28, 2016
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/s/ Clarence Chung
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Clarence (Yuk Man) Chung
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Chief Executive Officer
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