Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Entertainment Gaming Asia Inc. Board of Directors Expresses No Opinion and Remains Neutral with Respect to the Melco Tender Offer

HONG KONG, May 19, 2017 /PRNewswire/ -- Entertainment Gaming Asia Inc. (Nasdaq: EGT) (the "Company") today announced that its Board of Directors ("Board") has determined that it expresses no opinion and remains neutral toward the unsolicited cash tender offer by Melco International Development Limited (HKG: 0200) ("Melco"), through its wholly-owned subsidiary EGT Nevada Holding Inc. ("Offer").  Pursuant to the Offer, which was published on May 5, 2017, Melco seeks to acquire all outstanding shares of common stock, $0.001 par value, of the Company, other than the shares owned by Melco or its affiliates, at a price of $2.35 net per share. 

Entertainment Gaming Asia Inc. Logo (PRNewsFoto/Entertainment Gaming Asia Inc.)

On May 19, 2017, the Company filed with the Securities and Exchange Commission ("SEC"), and is mailing to its stockholders, a Solicitation/Recommendation Statement on Schedule 14D-9 ("14D-9").  The 14D-9 explains the Board's position of neutrality and the reasons therefor, and also provides certain information about: (a) the Company; (b) the Offeror and Melco; (c) actual or potential conflicts of interests on the part of the Board; and (d) additional information regarding the Offer.  As more fully explained in the 14D-9, the Board has decided to remain neutral with respect to the Offer due to the significant overlap between the Board and the board of directors of Melco and its key subsidiaries.  Because of these significant overlaps, the Board believes that, with the exception of the one director, all of the members of the Board have an actual or potential conflict of interest in evaluating the Offer. As a result, the Board believes each stockholder should make their own decision whether to accept or reject the Offer based upon each individual stockholder's particular investment objectives and circumstances and their own consideration and evaluation of all of the Company's publicly available information, including without limitation, the factors considered by the Board and described in Item 4. "The Solicitation or Recommendation" of the 14D-9.

The Company's stockholders are advised to carefully read and review the 14D-9 with respect to the Offer, including but not limited to, the factors considered by the Board and described in Item 4 "The Solicitation or Recommendation", filed with the SEC on May 19, 2017.  The Schedule 14D-9 is available to stockholders on the SEC website and will be mailed Company's stockholders.  The 14D-9 is also available on the Company's web site at www.egt-group.investorroom.com under "Financials-SEC Filings".

Forward Looking Statements
This press release contains forward-looking statements concerning Entertainment Gaming Asia Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include statements assumptions about our operations, such as cost controls, market conditions, liquidity and financial condition. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, risks and uncertainties associated with Melco's tender offer and those other risks set forth in the Company's annual report on Form 10-K for the year ended December 31, 2016 filed with the SEC and subsequently filed reports. The Company cautions readers not to place undue reliance on any forward-looking statements and it does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Additional Information
This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. On May 19, 2017, the Company filed a Solicitation/Recommendation Statement on Schedule 14D−9 with the SEC. The Solicitation/Recommendation Statement on Schedule 14D-9 filed with the SEC by the Company with respect to the Offer will be mailed to the Company's stockholders. INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and stockholders will be able to obtain free copies of these documents and other documents filed with the SEC by the Company through the web site maintained by the SEC at http://www.sec.gov. The 14D-9 is also available on the Company's web site at www.egt-group.investorroom.com under "Financials-SEC Filings".

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/entertainment-gaming-asia-inc-board-of-directors-expresses-no-opinion-and-remains-neutral-with-respect-to-the-melco-tender-offer-300460945.html

SOURCE Entertainment Gaming Asia Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
Today's world is a completely different place than it was in the past. Even compared to just 20 years ago, everything about the way the world runs has been totally altered. This is in large part thanks to the widespread usage of the Internet as well as other advancements in technology....
The help desk forms the backbone of IT operations for many federal, state and local government agencies. In fact, the cross-functional nature of its operation means the help desk directly impacts productivity and is an essential part of what enables an agency to meet its stakeholder ne...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as...
Commerce has become both digital and global: Online sales are expected to exceed $1.6 trillion dollars by 2020. As a customer preferred way of doing business, ecommerce offers increased selection, value, and convenience. Online shopping also offers merchants increased access to custome...
These days attacks are becoming more sophisticated and more common. Mobile devices, cloud computing and the Internet of Things have increased the number of access points that must be secured. To complicate matters, CISOs are been directed to secure system without compromising the seaml...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE