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Entertainment Gaming Asia eyeing the online social gaming sector
Monday, August 15, 2016: ASIAN LAND GAMBLING SUPPLIER EYES ONLINE SOCIAL GAMING VERTICAL
Entertainment Gaming Asia has developed a mobile app for the pan-Asian market.
Entertainment Gaming Asia, a supplier of hardware to land casino operators in Cambodia and the Philippines, is eyeing the online social gaming sector as a possible solution to declining revenue, according to reports in the Asian media referencing a stock exchange filing by the company.
Chief executive and chairman of the company, Clarence Chung has revealed that the company is engaged in developing a social gaming platform, and plans are in place to begin testing in Q3-2016.
“We have developed this free-to-play, mobile, social games app for the pan-Asian market and intend to monetise it through the in-game-sale of virtual coins that allow players to extend play time or accelerate their progress,” he said.
EGA has seen its second quarter revenues decline by 53.7 percent year-on-year to $2.3 million, creating a reduced net loss of $799,000.
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