Entertainment Gaming Asia expands board of directors

Mar 10, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck, World  

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Nasdaq-listed Entertainment Gaming Asia Inc on Monday announced the appointment of Dennis Chi Wai Tam to the board of directors with effect from March 5, 2015. The board of directors has now increased to six people, the firm said in a statement.

Mr Tam is described as having over 20 years of experience in corporate finance, accounting, financial control, and mergers and acquisitions. He currently serves as the group finance director and head of human resources and administration of Melco International Development Ltd, the parent company of Entertainment Gaming Asia.

Mr Tam is also an executive director of Hong Kong-listed MelcoLot Ltd.

Melco International, chaired by Lawrence Ho Yau Lung, is one of the two controlling shareholders of casino operator Melco Crown. The other is Australia’s Crown Resorts Ltd.

“We are pleased to welcome Dennis to the board of directors. His financial experience and expertise within the industry will provide invaluable guidance to the Company as we embark upon our next phase of growth,” said Clarence Chung Yuk Man, chairman and chief executive of Entertainment Gaming Asia.

Entertainment Gaming Asia operates slot machines on a participation basis and manufactures and distributes gaming chips, gaming plaques and related products to casinos in Asia and Australia under the Dolphin brand.

The company last month announced a reverse stock split in an effort to regain compliance with the Nasdaq Stock Market LLC’s minimum bid price requirement for its capital market.

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