After 2016 saw it sell off a significant portion of its estate and fully exit the Cambodian market, electronic gaming machines operator Entertainment Gaming Asia Incorporated is now to be de-listed from the Nasdaq exchange and taken into private hands.

Entertainment Gaming Asia Incorporated ended the year by offloading 278 electronic gaming machine seats placed in Dreamworld Club Poipet and 72 spots it was holding in storage along with spare parts and accessories to the property’s owner, Thai casino operator, Crown Resorts Company Limited, for $900,000 while May saw it report a first-quarter net loss of $2.04 million, which compared to a deficit of $1.48 million for the initial three months of 2016.

The firm is now set to be owned by an enterprise called EGT Nevada Holding Incorporated along with Hong Kong-listed parent Melco International Development Limited, which is led by Asian casino magnate Lawrence Ho Yau Lung, after the pair completed a previously-announced $9.4 million tender for 92.53% of the firm’s outstanding shares.

“As promptly as practicable without a vote of or prior notice to Entertainment Gaming Asia Incorporated’s stockholders, EGT Nevada Holding Incorporated intends to effect a “short-form” merger under Section 92A 180 of the Nevada Revised Statutes pursuant to which EGT Nevada Holding Incorporated will be merged with and into Entertainment Gaming Asia Incorporated and Entertainment Gaming Asia Incorporated will continue as the surviving corporation and a wholly-owned indirect subsidiary of Melco International Development Limited,” read a statement from Hong Kong-listed Melco International Development Limited. “As a result, Entertainment Gaming Asia Incorporated will become a privately-held company and Entertainment Gaming Asia Incorporated’s common stock will cease trading on the Nasdaq capital market and will be de-listed.”

The deal, which has valued each share of Entertainment Gaming Asia Incorporated at $2.35, comes after July saw Entertainment Gaming Asia Incorporated sell 670 electronic gaming machine seats it held at Phnom Penh’s NagaWorld Hotel And Entertainment Complex for $2.5 million in cash while it subsequently made $750,000 by offloading 154 spots inside the Leisure World VIP Slot Club in the Philippines. These arrangements with an undisclosed third party were soon followed by a decision to dispose of 71 positions the company operated at Cambodia’s Thansur Bokor Highland Resort Casino for $250,000.

Entertainment Gaming Asia Incorporated had additionally operated machines inside the Dreamworld Casino Pailin near Cambodia’s border with Thailand until selling this business to a local firm in 2014 for $500,000 following two years of revenue futility that had led to a loss of $2.5 million. It had moreover manufactured and distributed gaming chips, plaques, and related products via its Dolphin Products Limited subsidiary before letting this subsidiary go to Gaming Partners International Corporation in late-April for $5.9 million.

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