Entertainment Gaming Asia hatching secret plan to mitigate challenging 2016

Slots operator and casino products supplier Entertainment Gaming Asia (EGT) has a plan to diversify its revenue stream but it says it’s a secret.

The Nasdaq-listed EGT reported a net loss of $2.7m in the three months ending Dec. 31, but $2.6m of this loss was a non-cash impairment related to infrastructure write-downs at its Dreamworld Poipet slots hall in Cambodia.

Total Q4 revenue was down 12% year-on-year to $7.3m, with the decline blamed on fewer casino orders for its gaming products. While gaming operations revenue rose 15% to $4.7m, gaming products earned $2.6m, down from $4.2m in Q4 2014.

In addition to Dreamworld Poipet, EGT supplies slots to NagaCorp’s flagship NagaWorld property in Phnom Penh and a casino in Thansur Bokor. These Cambodian operations reported net win per day per machine rising 27% to $164. EGT also supplies slots to gaming halls in the Philippines, where net win per unit inched up 3% to $67.