Last $0.52 USD
Change Today +0.038 / 7.88%
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As of 5:20 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

entertainment gaming asia in (EGT) Key Developments

Entertainment Gaming Asia Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment Charge for the Second Quarter of 2014

Entertainment Gaming Asia Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The Company's second quarter of 2014 consolidated revenue was $4.9 million, a decrease of 5% compared to $5.2 million in the second quarter of 2013 due to a decline in gaming operations revenue partially offset by an increase in gaming products sales. The Company reported a net loss of $22,000, or breakeven per share, on a weighted average diluted share count of approximately 30.1 million in the second quarter of 2014. The second quarter of 2014 net loss included a net loss of $239,000 from the discontinued Dreamworld Pailin operations. Excluding this, the Company reported net income from continuing operations of $217,000, or $0.01 per share, for the second quarter of 2014. This compared to a net loss of $286,000, or $0.01 per share, on a weighted average diluted share count of approximately 30.7 million for the second quarter of 2013. Income from operations was $212,000 against $340,000 a year ago. Income from continuing operations before income tax was $232,000 against $99,000 a year ago. Adjusted EBITDA from continuing operations was $2,136,000 against $2,252,000 a year ago. For the six months, loss from operations was $638,000 against income of $263,000 a year ago. Loss from continuing operations before income tax was $627,000 against income of $100,000 a year ago. Total revenues were $9,638,000 against $11,021,000 a year ago. Net loss from continuing operations was $657,000 or $0.02 per basic and diluted share against income of $52,000 a year ago. Net loss was $1,052,000 or $0.03 per basic and diluted share against $2,794,000 or $0.09 per basic and diluted share a year ago. Adjusted EBITDA from continuing operations was $3,097,000 against $4,290,000 a year ago. Impairment of assets for the quarter was $19,000.

Entertainment Gaming Asia Inc. to Report Q2, 2014 Results on Aug 07, 2014

Entertainment Gaming Asia Inc. announced that they will report Q2, 2014 results at 5:00 PM, China Standard Time on Aug 07, 2014

Entertainment Gaming Asia Inc., Q2 2014 Earnings Call, Aug 07, 2014

Entertainment Gaming Asia Inc., Q2 2014 Earnings Call, Aug 07, 2014

Entertainment Gaming Asia Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Entertainment Gaming Asia Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the period, the company reported total revenues were $6,919,000 compared to $4,910,000 for the same period a year ago. Loss from operations was $1,015,000 compared to income from operations of $394,000 for the same period a year ago. Loss from continuing operations before income tax was $1,015,000 compared to $288,000 for the same period last year. Net loss from continuing operations was $1,030,000 or $0.03 per basic and diluted share compared to net loss from continuing operations of $329,000 or $0.01 per basic and diluted share for the same period a year ago. Net loss was $1,030,000 or $0.03 per basic and diluted share compared to net loss of $2,507,000 or $0.08 per basic and diluted share for the same period a year ago. EBITDA, as adjusted from continuing operations was $862,000 compared to $1,861,000 for the same period a year ago. The increase in net loss from continuing operations was primarily the result of lower slot operations revenue, lower sales volumes for the gaming products division as well as slight foreign currency losses compared to gains in the prior year period.

Entertainment Gaming Asia Inc.'s Dolphin Subsidiary Receives $3.3 Million Gaming Chip and Plaque Order for the New City of Dreams Manila

Entertainment Gaming Asia Inc. announced its Dolphin subsidiary has received a $3.3 million gaming chip and plaque order to supply Melco Crown (Philippines) Resorts Corporation's new City of Dreams Manila resort in the Philippines. The order is expected to be booked in the fourth quarter of 2014. City of Dreams Manila, a integrated resort expected to open in 2014, will be the second property to open in the Entertainment City casino and tourist complex in Manila Bay. The property will include the ultra luxurious Crown Towers Hotel, trend-setting Nobu Hotel and a five-star luxury hotel as well as a casino, entertainment facilities, retail outlets and restaurants.

 

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