Entertainment Gaming Asia swings to Q3 loss

Entertainment Gaming Asia, which has operations in Cambodia and the Philippines, has reported a pre-tax loss of $854,000 in the nine months to Sept 30 this year, from a $192,000 profit over the same period last year.
The company said revenues from gaming operations and products was $14.04 million, down from $16.46 million from the same period last year.
Entertainment Gaming Asia said the company's performance was affected by ceasing operations at its property in Pailin, in western Cambodia.
It also said there had been a net loss on cash flow from operating activities of $1.31 million compared to a loss of $3.102 million for the nine months to end September 2013.
The company sold the company's non-gaming plastic product operations as well as transferring the gaming chips and plaques subsidiary Dolphin Australia to Dolphin Hong Kong.
"Our long-term strategy includes responsible investment in improving and maintaining our existing operations and selectively securing new projects that will serve to enhance our presence and build deeper brand equity for the Dreamworld name in our markets and drive long-term growth for the company," it said in a statement.