Entertainment Gaming Asia (EGT) reported revenue up sharply in Q4 as increased casino products sales offset falling gaming operations revenue.
For the three months ending Dec. 31, EGT revenue rose 63% year-on-year to $8.3m, primarily due to $4m in gaming chip and plaque orders from two Philippines casino operators – Melco Crown Entertainment and Bloomberry Resorts. Gaming products revenue was $4.2m in Q4, up from $729k in the same period the previous year.
Gaming operations revenue fell 7% to $4.1m. EGT’s slot machine operations in the Philippines fell 16% to $648k thanks to increased competition from those new Entertainment City Manila casinos to which EGT supplies chips.
Cambodian gaming operations fell 3% to $3.2m. EGT operates the Dreamworld Poipet slots hall on Cambodia’s border with Thailand and supplies slots to NagaWorld, NagaCorp’s flagship casino property in Phnom Penh. The Poipet property saw lower player traffic while NagaWorld enjoyed increased VIP traffic and improved daily net win per unit.