Entertainment Gaming Asia shrinkage after Cambodia, Philippines slots sell-off

Slots operator Entertainment Gaming Asia (EGA) has further streamlined its operations by selling off its slot machines at gaming venues in Cambodia and the Phillippines.

In March, EGA rejigged its slots supply deal with NagaWorld, the Phnom Penh casino operated by NagaCorp. The previous deal gave EGA a 25% share of the net win of the 670 electronic gaming machines (EGM) it leased to NagaWorld, while the new deal paid EGA a fixed rate per machine that decreased as time went on.

Last week, EGA announced that the leasing deal with NagaWorld had been terminated as of June 30 and it had opted to sell all 670 machines to an undisclosed third-party in Cambodia for $2.5m.

EGA announced a similar sale of 154 EGM it had been leasing to the Leisure World VIP Slot Club in the Philippines. This lease agreement also expired on June 30 and EGA sold the machines to a company “‘principally engaged in the gaming, recreation and leisure businesses” for $750k.