Entertainment Gaming Asia sells remaining Cambodia assets

Gaming technology supplier Entertainment Gaming Asia (EGT) continues to streamline its operations with the sale of its remaining Cambodian slots business.

On Wednesday, the NASDAQ-listed EGT announced that it had sold the remnants of its gaming assets in Cambodia, including 278 electronic gaming machine (EGM) seats at the Dreamworld Club (Poipet), an additional 72 EGM seats held in storage as well as various spare parts and accessories, to the Dreamworld Poipet venue owner for $900k in cash.

The parties also agreed to terminate the EGM operations and participation agreement they’d entered into in April 2012. As a result, ownership of the Dreamworld Club building – which EGT had paid to construct – reverted to the venue owner upon termination of the agreement.

The sale follows EGT’s termination in June of its deal to operate 670 EGMs located in NagaCorp’s NagaWorld casino in Phnom Penh. EGT simultaneously announced that it had sold the EGMs to an undisclosed third party for $2.5m. In October, it sold its 71 EGMs in operation at Cambodia’s Thansur Bokor Highland Resort for $250k.