QualityStocks would like to highlight Entertainment Gaming Asia Inc. (NYSE: EGT), engaged in the ownership and leasing of electronic gaming machines (EGMs) in resorts, hotels, and other venues, primarily in Cambodia and the Philippines. The company also designs, manufactures, and distributes table game products.
In the company’s news last week,
Entertainment Gaming Asia announced that its Dolphin subsidiary has received a $1.3 million gaming chip order to supply the new Bloomberry Resorts Corp. (PSE: BLOOM) Solaire Resort & Casino in the Philippines. The order, which will be booked in the fourth quarter of 2012, marks Dolphin’s entrance into the burgeoning gaming market in the Philippines. A premier integrated resort, Solaire will be the first to open in Manila Bay’s highly anticipated Entertainment City casino and tourist complex in early 2013.
Dolphin is pleased to be expanding its market presence into the Philippines as the supplier of Solaire’s peso-dominated cash, non-negotiable, and reserve bank chips. Solaire’s order includes around 765,000 chips with a range of Dolphin’s high-level security features.
Entertainment Gaming Asia today additionally announced that its Dolphin subsidiary is currently in the process of delivering a previously announced order of RFID gaming chips and plaques to longtime customer Crown Perth, formerly known as Burswood Entertainment Complex, in Perth, Western Australia. This $2.2 million order – $1.6 million of which will be booked in the third quarter of 2012, with the remaining $600,000 booked in the fourth quarter of 2012 – includes more than 500,000 chips and 25,000 plaques as part of rebranding the property to the world-renowned “Crown” brand. Crown Perth, newly expanded and refurbished, is part of the integrated urban entertainment resorts owned by Crown Limited (ASX: CWN) and was launched at a gala event on Sept. 20.
Dolphin’s team worked collaboratively with Crown Perth to design a series of chips and plaques that will include the highest level of security features available, capturing the new branding to befit Crown Perth. The order further strengthens the company’s relationship with this prominent customer, demonstrating Crown Perth’s acknowledgment of the advanced quality and superior security features of Dolphin’s chips and plaques and their value for the price.
Entertainment Gaming Asia, a leading gaming company in Pan-Asia, is engaged in developing and operating casinos and gaming venues in the Indo-China region under its “Dreamworld” brand, as well as leasing electronic gaming machines to the gaming industry on a participation basis. The company additionally manufactures and sells RFID and traditional gaming chips and plaques to major casinos through Dolphin Products, its wholly owned subsidiary in Australia.
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