Entertainment Gaming Asia Regains Compliance With NASDAQ Listing Requirements

HONG KONG, March 16, 2015 /PRNewswire/ -- Entertainment Gaming Asia Inc. (NASDAQ: EGT) ("Entertainment Gaming Asia" or "the Company"), a gaming company focused on emerging gaming markets in Pan-Asia, today announced that it has regained compliance with the listing requirements of the NASDAQ Capital Market.

As previously reported, on April 17, 2014, NASDAQ notified the Company that its common stock was not in listing compliance as it failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by NASDAQ's listing rules. On March 12, 2015, the Company received a notice from the NASDAQ indicating that since the closing bid price of the Company's common stock had been at $1.00 per share or greater for the last 10 consecutive business days, from February 26 to March 11, 2015, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.   

About Entertainment Gaming Asia Inc.
Entertainment Gaming Asia Inc. (NASDAQ: EGT), an indirect majority-owned subsidiary of Melco International Development Limited, is a gaming company in Pan-Asia engaged in the leasing of electronic gaming machines on a revenue sharing basis to the gaming industry in Cambodia and the Philippines and the development and operation of casinos and gaming venues in the Indo-China region under its "Dreamworld" brand.  The Company also manufactures and sells RFID and traditional gaming chips and plaques to major casinos under its "Dolphin" brand.  

Logo - http://photos.prnewswire.com/prnh/20140508/85655

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/entertainment-gaming-asia-regains-compliance-with-nasdaq-listing-requirements-300050796.html

SOURCE Entertainment Gaming Asia Inc.

Copyright 2015 PR Newswire