Wednesday, September 28, 2022

Nagaworld to extend slot machine deal with Entertainment Gaming Asia

Nasdaq-listed Entertainment Gaming Asia Inc announced it will continue leasing slot machines and related equipment to Cambodia’s NagaWorld from Mar. 1, 2016, according to a recent filing.

The gaming supplier says it has jointly operated a total of 670 slot machines on Nagaworld’s casino floor since May. 25, 2010, splitting net win from all machines on the basis of 25/75 percent. NagaWorld will also pay Entertainment Gaming Asia, a fixed fee per machine seat per day, on a monthly basis, which ranges from $22 in the first 3 months, to $20 in the three months following, and then $18 from Sep. 1, 2016.

Melco International Development Limited holds approximately 64.84 percent of Entertainment Gaming Asia Inc.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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