Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $1.75 USD
Change Today -0.069 / -3.79%
Volume 1.3K
EGT On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

entertainment gaming asia in (EGT) Key Developments

Entertainment Gaming Asia Inc. Presents at 2nd Annual Growth Capital Expo, Apr-13-2015

Entertainment Gaming Asia Inc. Presents at 2nd Annual Growth Capital Expo, Apr-13-2015 . Venue: Caesars Palace, Las Vegas, Nevada, United States.

Entertainment Gaming Asia Regains Compliance With NASDAQ Listing Requirements

Entertainment Gaming Asia Inc. announced that it has regained compliance with the listing requirements of the NASDAQ Capital Market. As previously reported, on April 17, 2014, NASDAQ notified the Company that its common stock was not in listing compliance as it failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by NASDAQ's listing rules. On March 12, 2015, the Company received a notice from the NASDAQ indicating that since the closing bid price of the Company's common stock had been at $1.00 per share or greater for the last 10 consecutive business days, from February 26 to March 11, 2015, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.

Entertainment Gaming Asia Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment of Assets for the Fourth Quarter Ended December 31, 2014

Entertainment Gaming Asia Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $8,322,000 compared to $5,096,000 a year ago. Loss from continuing operations was $1,691,000 compared to $1,355,000 a year ago. Loss from continuing operations before income tax expense was $1,693,000 compared to $1,427,000 a year ago. Net loss from continuing operations was $1,608,000 or $0.04 per basic and diluted share compared to $1,530,000 or $0.05 per basic and diluted share a year ago. Net loss was $1,518,000 or $0.04 per basic and diluted share compared to $4,227,000 or $0.14 per basic and diluted share a year ago. Adjusted EBITDA from continuing operations was $369,000 compared to $739,000 a year ago. Net loss from continuing operations was increased due to lower gaming operations revenue and a higher gross margin loss on gaming products. Revenue increased 63% due to higher gaming products sales partially offset by lower gaming operations revenue. For the year, the company reported total revenues of $22,362,000 compared to $21,555,000 a year ago. Loss from continuing operations was $2,507,000 compared to $983,000 a year ago. Loss from continuing operations before income tax expense was $2,547,000 compared to $1,235,000 a year ago. Net loss from continuing operations was $2,506,000 or $0.08 per basic and diluted share compared to $1,376,000 or $0.05 per basic and diluted share a year ago. Net loss was $2,831,000 or $0.09 per basic and diluted share compared to $7,330,000 or $0.25 per basic and diluted share a year ago. Adjusted EBITDA from continuing operations was $5,080,000 compared to $7,127,000 a year ago. Consolidated revenue was increased by 4% due to higher gaming products sales partially offset by lower gaming operations revenue. The 2014 fiscal year net loss included a net loss of $325,000 from discontinued operations related to Dreamworld Pailin. The increase in net loss from continuing operations was primarily a result of lower gaming operations revenue and a higher gross margin loss for gaming products for the 2014 fiscal year compared to the prior year. This was partly offset by lower stock-based compensation expenses and an income tax benefit for the fourth quarter of 2014 as compared with an income tax expense for the prior year period. In addition, the increase in net loss from continuing operations was partially offset by a higher gross profit from the Philippines gaming operations due to an increase in fully depreciated gaming assets and lower foreign currency losses for the 2014 fiscal year compared to the prior year period due to the weakening of the U.S. dollar compared to foreign currencies in the markets in which the company operates. The company reported impairment of assets was $121,000 against $75,000 for the same period a year ago.

Entertainment Gaming Asia Inc. Appoints Dennis Tam to Board of Directors

Entertainment Gaming Asia Inc. announced the appointment of Dennis (Chi Wai) Tam to the company’s board of directors effective March 5, 2015. The addition of Mr. Tam increases the company’s board of directors from five to six members. Mr. Tam has over 20 years of experience in corporate finance, accounting, financial control, and mergers & acquisitions. He currently serves as the Group finance director and Head of Human Resources & Administration of Melco International Development Limited.

Entertainment Gaming Asia Inc. to Report Q4, 2014 Results on Mar 10, 2015

Entertainment Gaming Asia Inc. announced that they will report Q4, 2014 results at 8:30 AM, US Eastern Standard Time on Mar 10, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EGT:US $1.75 USD -0.069

EGT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Gaming Partners International Corp $11.05 USD -0.83
View Industry Companies
 

Industry Analysis

EGT

Industry Average

Valuation EGT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 0.6x
Price/Cash Flow 7.3x
TEV/Sales 0.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ENTERTAINMENT GAMING ASIA IN, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.