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EGT > SEC Filings for EGT > Form 8-K on 21-Jan-2014All Recent SEC Filings

Show all filings for ENTERTAINMENT GAMING ASIA INC.

Form 8-K for ENTERTAINMENT GAMING ASIA INC.


21-Jan-2014

Material Impairments, Financial Statements and Exhibits


Item 2.06 Material Impairments

On January 17, 2014, the board of directors of Entertainment Gaming Asia Inc. (the "Company"), acting on the recommendations of Company management, concluded that the Company should under U.S. generally accepted accounting principles record an impairment charge of approximately $2.5 million as of December 31, 2013 related the Company's Dreamworld Casino (Pailin) operations.

The impairment charge involves the write-down of assets related to the building infrastructure and certain gaming equipment, which cannot be redeployed to other existing properties.

The Company does not expect that the impairment charge will result in future cash expenditures.

The Company remains committed to its gaming operations development strategy and is actively working to secure new, larger scale projects located in more established gaming markets in Indo-China.

On January 21, 2014, the Company issued a press release disclosing the impairment charge relating to the Dreamworld Casino (Pailin) operations. The press release is filed as Exhibit 99.1 to this report.



Item 9.01 Financial Statements and Exhibits

(d) The following exhibit is filed as an exhibit to this Current Report on Form 8-K:

Exhibit
No.                            Description                        Method of Filing
 99.1     Company press release dated January 21, 2014            Filed
                                                                  electronically
                                                                  herewith

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