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Entertainment Gaming gets Nasdaq compliance notice as share price falls
Entertainment Gaming Asia said it has received a notice from the Nasdaq Stock Market giving it 180 days to regain compliance with listing rules that the share price be above $1.00. The company said it’s evaluating options that will help it boost its stock price. The company may be granted another 180-day extension if it fails to maintain its stock above $1.00 for ten consecutive days, but if it fails a second time it will be subject to delisting. The shares have not been above $1.00 since the beginning of March.
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