Inside Asian Gaming

INSIDE ASIAN GAMING | August 2010 16 EGT Rejuvenating EGT Things are looking up for Entertainment Gaming Asia, formerly known as Elixir Gaming Technologies, with strong growth in slot participation revenue and plans for its own casino resort in Cambodia E ntertainment Gaming Asia (EGT) currently has two major business lines. A gaming participation business where EGT earns a proportion of revenue generated by slot machines it operates at partners’ venues, and Dolphin RFID chips and plaques. “The gaming participation business is now doing quite well. We currently have about 1,500 machines running, out of which about 900 are in the Philippines in various venues, and in Cambodia we have about 600 machines running in NagaWorld,” says CEO Clarence Chung. The machines at NagaWorld are EGT’s big earners, achieving an average win per unit per day of over US$180 in the six months to May on a growing installed machine base. NagaWorld, which is located in the Cambodian capital of Phnom Penh, holds a monopoly licence to operate in and around the city until 2065. The machines in the Philippines earn closer to US$60 per unit per day. EGT’s share of revenue is 25% in Cambodia and averages approximately 20% in the Philippines. In May, EGT announced an agreement to increase the total number of machines it operates at NagaWorld to 670 seats, from the previously agreed 640. EGT will place an additional 30 seats in order to complement and expand its VIP slot area located on NagaWorld’s casino lobby floor, established The EGT-operated Pagcor Universal Club in the Philippines under a December 2009 contract. EGT is entitled to 100% of net win generated by the additional machines it is allowed to place until it recoups the agreed commitment fee. Commenting on theMay announcement to add 30 additional machine seats Mr Chung says:“We are pleased toworkwith our partner NagaWorld to continue to expand our jointly operated slot floor operations. With the addition of these 30 seats plus the remaining 50 seats under our December 2009 contract, our installed machine base at NagaWorld is expected to reach 670 seats during July of 2010 covering most of the currently available prime ground floor slot space at NagaWorld.” EGT’s Dreamworld at NagaWorld