Elixir Gaming Technologies, one of the leading distributors of electronic gaming machines in several Asian markets, has changed its name to Entertainment Gaming Asia Inc. The company’s shares will continue to trade under the ticker EGT.

In conjunction with the name change, the company launched a new corporate website, www.EGT-Group.com.

“Given the material transformation of the company following the restructuring of our operations over the past two and one-half years, we felt that a name change was appropriate,” said Clarence Chung, the company’s chairman and CEO. “The name Entertainment Gaming Asia more suitably reflects our expanded gaming business model, particularly in relation to our plans to build and operate our own hotel casino in the Indo-China region to complement our existing electronic gaming machines participation business.”

Entertainment Gaming Asia will retain its business  model of providing slots on a participation basis to the Pan-Asian gaming industry. The company secures long-term contracts to provide slots and related systems, retaining ownership of the equipment and receiving recurring daily fees.

By Staff