Entertainment Gaming Asia Receives NASDAQ Listing Deficiency Notice

HONG KONG, Apr 23, 2014 (BUSINESS WIRE) —
Entertainment Gaming Asia Inc.

/quotes/zigman/13525615/delayed/quotes/nls/egt EGT
-3.43%

(“Entertainment Gaming
Asia” or “the Company”), a gaming company focused on emerging gaming
markets in Pan-Asia, today announced that on April 17, 2014, the Company
received a notice (the “Notice”) from The NASDAQ Stock Market LLC
(“NASDAQ”) indicating that it is not in compliance with the minimum bid
price requirement for continued listing set forth in Listing Rule
5550(a)(2), which requires listed securities to maintain a minimum bid
price of $1.00 per share.

The Company will work to regain listing compliance and believes that it
has options available to ensure continued listing on NASDAQ. Management
and the Board of Directors are evaluating these options to determine the
optimal course of action. As of yesterday, the closing bid price of the
Company’s shares was $0.87, and it will actively monitor the performance
of the stock with respect to the listing standards.

According to the Notice, the Company has been given a grace period of
180 calendar days, until October 14, 2014, to regain compliance with the
minimum bid price requirement. If at any time during the 180-day grace
period, the minimum closing bid price per share of the Company’s common
stock closes at or above $1.00 for a period of ten consecutive business
days, the Company will regain compliance and the matter will be closed.
In the event the Company does not regain compliance within this grace
period, it may be eligible to receive an additional 180-day grace
period, provided that it meets the continued listing requirement for
market value of publicly held shares and all other initial listing
standards for The NASDAQ Capital Market, with the exception of the
minimum bid price requirement, and provides written notice of its
intention to cure the minimum bid price deficiency during the second
180-day grace period. If the Company fails to regain compliance after
the second 180-day grace period, the Company’s common stock will be
subject to delisting by NASDAQ.

During the initial 180-calendar day grace period and, potentially the
additional 180-calendar day grace period, the Company’s common stock
will continue to trade on The NASDAQ Capital Market under the symbol
“EGT”. Therefore, the Notice has no immediate impact on the listing of
the Company’s common stock.

About Entertainment Gaming Asia Inc.

Entertainment Gaming Asia Inc.

/quotes/zigman/13525615/delayed/quotes/nls/egt EGT
-3.43%

is a leading gaming company
in Pan-Asia engaged in the development and operation of casinos and
gaming venues in the Indo-China region under its “Dreamworld” brand as
well as the leasing of electronic gaming machines on a revenue sharing
basis to the gaming industry. The Company also manufactures and sells
RFID and traditional gaming chips and plaques to major casinos under its
“Dolphin” brand. For more information please visit www.EGT-Group.com
.

Forward Looking Statements

This press release contains forward-looking statements concerning
Entertainment Gaming Asia 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 regarding expectations for the Company’s ability to
ensure continued listing on The NASDAQ Capital Market. 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, the risk
that the Company may be unable to develop and implement a plan to ensure
the continued listing of its common shares on The NASDAQ Capital Market
and other risks set forth in Entertainment Gaming Asia’s annual report
on Form 10-K for the year ended December 31, 2013 filed with the SEC on
March 31, 2013 and subsequently filed quarterly reports on Form 10-Q.
Entertainment Gaming Asia cautions readers not to place undue reliance
on any forward-looking statements. Entertainment Gaming Asia does not
undertake, and specifically disclaims any obligation to update or revise
such statements to reflect new circumstances or unanticipated events as
they occur.