High sales in Cambodia pushes Entertainment Gaming Asia’s Q3 revenue up

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Nasdaq-listed Entertainment Gaming Asia continues its upward trend, thanks to its thriving market in Cambodia.

The electronic gaming machines supplier’s third quarter consolidated revenue reached $8.3 million, an 88 percent increase compared to $4.4 million from the same period last year, the company announced on Monday. The increase was attributed partly to rises in both its gaming operations and gaming products business divisions, especially in Cambodia.

Gaming operations revenue was up by 13 percent at $4.5 million from last year’s $4 million. According to Entertainment Gaming Asia, the average consolidated daily net win per unit also increased by 20 percent at $120 compared to $100 in the same period last year.

“The increases were primarily due to improvements in the Cambodia operations partially offset by a decline in the Philippines operations,” the company stated.

In Cambodia, the average daily net win per unit was $152, an increase of 33 percent compared to last year’s $114, due to improved performance at NagaWorld. The Cambodian casino’s average daily net win per unit was up at $218 compared to $181 in 2014, which is mainly due the increase in VIP player traffic.

read more at Calvinayre.com

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