After selling off a significant portion of its estate in the summer, electronic gaming machine operator Entertainment Gaming Asia Incorporated has now offloaded the remnants of its assets in Cambodia for $900,000 in cash.

An indirect subsidiary of Hong Kong-listed conglomerate Melco International Development Limited, which is controlled by entrepreneur Lawrence Ho Yau Lung, Entertainment Gaming Asia revealed that it has sold its 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.

The pair additionally agreed to terminate an April of 2012 machine operation and participation deal that saw Nasdaq-listed Entertainment Gaming Asia Incorporated construct a gaming hall at Dreamworld Club Poipet with the facility now set to be owned by Crown Resorts Company Limited.

“This asset sale is part of our continued efforts to refine our business operations and position ourselves for new opportunities,” read a statement from Clarence Chung, Chairman and Chief Executive Officer for Entertainment Gaming Asia Incorporated. “The termination of the Dreamworld Club Poipet operations should have a minimal impact on our future cash flow from operations and provides additional resources to direct toward the execution of a new potential growth strategy, which involves the entrance into new areas such as film and related businesses.”

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 made $750,000 after offloading 154 spots inside the Leisure World VIP Slot Club in the Philippines. These deals 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 also 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.

More recently and the firm announced plans in August to develop a social online casino platform that it is hoped could help it to recover some of its more recent overall financial losses, which hit $744,000 for the third quarter of 2016.

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