• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Ent Gaming Asia sells gaming assets in Cambodia

Dec 29, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


Ent Gaming Asia sells gaming assets in Cambodia

Nasdaq-listed Entertainment Gaming Asia Inc announced on Wednesday that it has sold all of its gaming assets in Cambodia to the owner of Dreamworld Club Poipet (pictured), a standalone slot hall in an existing casino property in Poipet. The deal was valued at US$900,000 and the sale closed on December 23, the company said in a press release.

The deal included 278 electronic gaming machine (EGM) seats placed in Dreamworld Club Poipet, 72 EGM seats held in storage in Cambodia and gaming equipment spare parts and accessories, the firm said.

Entertainment Gaming Asia also announced that it entered into an agreement on December 21 with the owners of the venue and the land of Dreamworld Club Poipet to terminate a gaming machine operation and participation agreement among the parties, effective December 1, 2016. Following the termination, the ownership of the Dreamworld Club Poipet building reverted to the venue owner, the company added.

Dreamworld Club Poipet was the last of Entertainment Gaming Asia’s EGM leasing operations in Cambodia.

In July, Entertainment Gaming Asia announced it was selling all of its EGMs placed in NagaWorld – a casino resort located in Cambodia’s capital Phnom Penh – to a third party for a total consideration of US$2.5 million. In October, the firm sold its 71 EGMs in Thansur Bokor Highland Resort, also in Cambodia, for US$250,000 in cash.

Entertainment Gaming Asia still leases EGMs to two properties in the Philippines. Until recently, the company also manufactured and distributed gaming chips, gaming plaques and related products under the Dolphin brand. In May the firm sold that business to casino currency and table games equipment firm Gaming Partners International Corp.

Commenting on the latest deal, Clarence Chung Yuk Man, chairman and chief executive of Entertainment Gaming Asia, said: “This asset sale is part of our continued efforts to refine our business operations and position ourselves for new opportunities.”

“The termination of the Dreamworld Club Poipet operations should have a minimal impact on our future cash flow from operations and provides additional resources to direct toward the execution of a new potential growth strategy, which involves the entrance into new areas such as film and related businesses,” Mr Chung said in a statement included in the press release.

Entertainment Gaming Asia in November posted a net loss of US$744,000 for the third quarter of 2016. Casino investor Melco International Development Ltd – a company controlled by Lawrence Ho Yau Lung – is the controlling shareholder of Entertainment Gaming Asia.


  • tweet
Related articles
  • Star Vegas closure at 2 year mark, CEO offers loan facility
    Star Vegas closure at 2 year mark, CEO...

    May 03, 2022  

  • NagaCorp names 3 sons of founder in CEO roles
    NagaCorp names 3 sons of founder in CEO...

    Apr 06, 2022  

More news
  • Macau op debt to hit US$25bln unless travel eased 2H: MS
    Macau op debt to hit US$25bln unless...

    May 24, 2022  

  • Outbound group tours still paused: China immigration
    Outbound group tours still paused:...

    May 24, 2022  


Latest News

Macau op debt to hit US$25bln unless travel eased 2H: MS

Macau op debt to hit US$25bln unless travel eased 2H: MS

May 24, 2022  

Macau casino operators’ aggregate net debt could reach the equivalent of US$25 billion by the end of this year, “five times the end of 2019’s levels”, and 12 percent higher than a “base...
Read More
Outbound group tours still paused: China immigration

Outbound group tours still paused: China immigration

May 24, 2022  

Macau gaming workers 27pct of underemployed population

Macau gaming workers 27pct of underemployed population

May 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Resorts World Sentosa is now looking at broadening its customer base to those who engage in casual play for entertainment"

Tan Hee Teck

Genting Singapore’s president and chief operating officer



Most Popular

  • Macau GGR tax cut idea tied to China outlook: brokerageMacau GGR tax cut idea tied to China outlook: brokerage May 23, 2022
  • Review saw no irregularity in Levo Chan link: Macau LegendReview saw no irregularity in Levo Chan link: Macau Legend May 23, 2022
  • Manila Westside launch aim still 2024: SuntrustManila Westside launch aim still 2024: Suntrust May 23, 2022
  • RWS seeking to expand gaming customer base: execRWS seeking to expand gaming customer base: exec May 24, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us