Casino owner’s woes persist
The share price of Cambodian casino owner Entertainment Gaming Asia has fallen below the minimum requirement of the Nasdaq Stock Market, threatening the gaming company’s US listing, according to a statement posted on EGA’s website last week. EGA has been given 180 days – until October 14 – to lift its share price from $0.87 to the Nasdaq’s minimum of $1 and must hold that price for at least 10 consecutive days, according to the April 23 announcement. If, however, the company fails to reach the target within this period, a second 180-day grace period may be granted before EGA’s stock could be delisted from the exchange. … At market close on Friday in US the firm’s price sat at $0.82. EGA operates two Dreamworld-branded casinos on Cambodia’s border with Thailand. The company’s Pailin province operation – valued at $2.5 million – houses some 26 gaming tables and 52 electronic gambling machines (EGMs). …
Eddie Morton
http://www.phnompenhpost.com/business/casino-owner%E2%80%99s-woes-persist
