See Who Just Entertainment Gaming Asia Inc. (NASDAQ:EGT) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Entertainment Gaming Asia Inc. (NASDAQ:EGT) reported that Melco International Development Ltd. has picked up 9,378,074 of common stock as of 2017-04-18.

The acquisition brings the aggregate amount owned by Melco International Development Ltd. to a total of 9,378,074 representing a 64.8% stake in the company.

For those not familiar with the company, Entertainment Gaming Asia Inc. is a gaming company. The Company is engaged in slot operations, which include the ownership and leasing of electronic gaming machines (EGMs) in resorts, hotels and other venues; the design, manufacture and distribution of gaming chips and plaques, and the development of a social casino gaming platform designed for the Pan-Asian market. The Company conducts business in two operating segments: gaming operations, which includes slot participation operations, and gaming products, which consists of the design, manufacture and distribution of gaming chips and plaques. Its gaming operations consist of slot operations in Cambodia and the Philippines. Its gaming products consist of the manufacture and sale of gaming chips and plaques under its Dolphin brand and the distribution of gaming products in select markets for third-party suppliers. It identifies and develops new gaming venues, acquires EGMs, casino management systems and other gaming peripherals.

A glance at Entertainment Gaming Asia Inc. (NASDAQ:EGT)’s key stats reveals a current market capitalization of 22.47 Million based on 14.46 Million shares outstanding and a price at last close of $1.65 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2013-08-22, Divito picked up 500 at a purchase price of $1.34. This brings their total holding to 46,500 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Entertainment Gaming Asia Inc. (NASDAQ:EGT) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.




Skip to content