There has been no word from the board of directors of Entertainment Gaming Asia since Melco International Development, owner of the majority of its stock, made an unsolicited offer May 5 to buy all outstanding shares of EGA’s common stock.
EGA is an indirect, majority-owned subsidiary of Melco International, which leases electronic gaming machines to casinos in the Philippines. The buyout offer was made through Melco subsidiary EGT Nevada Holding. Last week, EGA was quoted by interGame as saying simply that the company “expresses no opinion and remains neutral” toward the offer.
