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23/08/13 - Pailin Casino losses places their third Cambodian Casino opening on hold

Photo: Pailin Casino Dragon Room
 
 
Entertainment Gaming Asia Inc., a Nasdaq-listed company in which Melco holds a 38.2 percent stake, said this month that its first casino, which opened in May 2012 in Pailin, Cambodia, continues to lose money.
 
 
A more modest property the company opened in March in Poipet, another town along Cambodia's border with Thailand, has started well.
 
 
However, the company has quietly decided to postpone development of a third Cambodian property which it had previously said would be opening later this year in Kampot province along the frontier with Vietnam. A project in Takeo province near Vietnam, which was actually the first the company announced, has gone even quieter. 
 
 
EGA, previously called Elixir Gaming Technologies Inc., has traditionally operated as a supplier of gambling equipment, especially slot machines, which it manages within other companies’ gaming halls in Cambodia and the Philippines in exchange for a share of revenue.
 
Related article: Cyber casinos in Cambodia not classed legal or illegal
 

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