Gaming firm cashes out of NagaWorld deal

  • Aug 04, 2016

Cambodia: Gaming firm cashes out of NagaWorld deal

Fri, 8 July 2016 – Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will sell 670 of its electronic gaming machine (EGM) seats placed at NagaWorld casino in Phnom Penh to an unnamed Cambodian firm for $2.5 million, the Nasdaq-listed company announced on Wednesday.

The sale terminated EGA?s existing lease agreement with NagaWorld just four months into the contract, which was drawn up when an earlier profit-sharing agreement ended on February 29. Read More?