The construction of the casino development project in the Pailin Province of Cambodia near the Thailand border is well underway and on target to be completed in the second quarter of 2012. Yesterday Entertainment Gaming Asia Inc (EGT) announced that the $2.4 million internally funded initial phase of the Pailin Project will consist of a casino, which will be named Dreamworld Casino Pailin, with approximately 23 table games and 40 electronic gaming machine seats. It is one of the Company’s first casino development projects and part of its strategy to expand its gaming operations to become a leading owner and operator of regional casinos in the growing markets of Indo-China.
The Company also announced that it has expanded its corporate website: www.EGT-Group.com to enable the investment community to track the development process of its casino projects under the new section entitled Casino Projects where the Company will provide periodic updates and photos of casino projects currently under construction.
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Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “We are pleased with our progress to-date on this exciting casino project, which we believe is strategically located in the attractive and growing gaming market of Pailin at the Thailand border. This project is an incremental step in our casino development strategy and offers the potential for near-term earnings and long-term growth. We look forward to providing more updates throughout the development process.” (E-01.10.11)
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