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eddy
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will go back up--g/l
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http://stockcharts.com/charts/gallery.html?egt
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eddy
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68 million in cash-low debt--and almost 50% insider owned
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eddy
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funds loaded http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&timeframe=&intraday=&charttyp e=&splits=&earnings=&movingaverage=&lowerstudy=&comparison=&index=&symbol=egt&sy mbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&sy mbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&sy mbol=&symbol=&symbol=&symbol=&FormType=Institutional&mkttype=&pathname=&page=hol dings&selected=EGT
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eddy
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read it close--looks great to me---Elixir Gaming Technologies Reports First Quarter 2008 Financial Results
Tuesday May 13, 4:02 pm ET


LAS VEGAS & MACAU--(BUSINESS WIRE)--Elixir Gaming Technologies, Inc. (AMEX:EGT - News): Conference Call: Today, May 13 at 4:45 p.m. ET
Dial-in numbers: 212/231-6005 or 415/247-8544
Webcast: www.elixirgaming.com

Replay information provided below

Elixir Gaming Technologies, Inc. (AMEX:EGT - News) (“Elixir Gaming” or “the Company”), a leading technology and solutions provider to the Pan-Asian gaming industry, today reported operating results for the first quarter ended March 31, 2008 and reviewed recent corporate progress.

First Quarter 2008 and Recent Highlights:


Thirteen venues with a total of 1,517 electronic gaming devices currently in operation, compared with three venues with a total of 415 electronic gaming devices at December 31, 2007.
Expanded executive team to support operating growth through appointments of experienced gaming and technology industry personnel in finance, legal and human resources and added gaming venue technical support expertise.
Secured trade credit facility with Elixir International for the purchase of gaming machines, with a note issued in the amount of $15 million.
As of March 31, 2008, the Company had $46.7 million in cash on hand.
Gordon Yuen, Executive Chairman and CEO of Elixir Gaming, commented, “Elixir Gaming is making significant progress in establishing a leading market presence throughout Pan-Asian gaming markets. Since the commencement of the Company’s new business model in September 2007, Elixir Gaming has placed gaming machines in thirteen operating venues across three Asian countries. Having secured a substantial base of contractual commitments for the placement of gaming devices on a participation basis, the Company has now invested in its infrastructure to support our expectations for long-term growth. At this time, our primary focus is on working closely with venue owners or operators to improve net win per day per machine. We remain confident that the initial results of the business plan effected just eight months ago demonstrate that Elixir Gaming is on track to deliver sustainable long-term value for our shareholders.”

Joe Pisano, Executive Director & Executive Vice President, added, “Our thirteen venues in operation reflect the Company’s success to date in building a significant footprint in Asia. Currently, three venues are in operation in the Philippines, nine venues are in operation in Cambodia and one venue is in operation in Vietnam. Three venues in Cambodia are temporarily closed for the implementation of further optimization strategies and are expected to be operational later in the current quarter. Our ability to provide comprehensive technical support and slot machine configuration is integral to our strategy to maximize net win per day at each venue. With the benefit of initial, but comprehensive, slot management performance data, during the first quarter we commenced a review and analysis of the operations and market presence that we’ve now established.

“Based on our experiences to date, we are fine tuning certain aspects of our approach to working with the venues and refining procedures that will result in higher gaming machine participation revenue in our markets. For example, we’ve proactively initiated discussions with the Cambodian venue stakeholders to ensure that we have the ability to provide comprehensive technical support services and significant progress has been made in this respect. As a result of planned slot floor re-configurations and other optimization strategies, the number of venues where the Company places machines will fluctuate in the short term. However, these changes are necessary to build a stronger business foundation from which we can generate greater growth in our markets.

“In addition to our activities focused on maximizing net win per day at each venue, Elixir Gaming continues to expand, and recently opened its first venue in northern Vietnam. Elixir Gaming, in conjunction with our strategic partner, Elixir International, continues to identify additional high-quality venues and future growth opportunities to ensure we maintain our standing as a leading gaming technology and solutions provider in Asia.”

David Reberger, Elixir Gaming’s Chief Financial Officer, further commented, “With a growing installed base of participation games, Elixir Gaming continues to focus on its capital structure to ensure that we cost effectively fund our expansion, and last month we secured a trade credit facility to fund gaming machine purchases. Loans obtained under the facility will be repaid in equal monthly installments over a two year period. Under this agreement, we issued a note in the amount of $15 million to meet a current trade payable to Elixir International for gaming machines previously acquired. This agreement provides Elixir Gaming with a non-dilutive potential source of capital to fund our growth.

“In addition, during the first quarter Elixir Gaming was granted summary judgment on all patent infringement claims in the litigation case brought by Shuffle Master and is currently in the process of seeking recovery of $3 million in damages and legal fees in the case.

“Finally, given our primary focus on placing gaming devices on a recurring revenue participation basis and building net win per day at each venue, we continue to explore options for the divestiture of our non-core legacy table gaming operations as another avenue toward maximizing shareholder value.

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eddy
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break 1.40 and it goes on up faster-G/l
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eddy
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there were a lot of good points in the financials--read it close-----------------David Reberger, Elixir Gaming’s Chief Financial Officer, further commented, “With a growing installed base of participation games, Elixir Gaming continues to focus on its capital structure to ensure that we cost effectively fund our expansion, and last month we secured a trade credit facility to fund gaming machine purchases. Loans obtained under the facility will be repaid in equal monthly installments over a two year period. Under this agreement, we issued a note in the amount of $15 million to meet a current trade payable to Elixir International for gaming machines previously acquired. This agreement provides Elixir Gaming with a non-dilutive potential source of capital to fund our growth.

“In addition, during the first quarter Elixir Gaming was granted summary judgment on all patent infringement claims in the litigation case brought by Shuffle Master and is currently in the process of seeking recovery of $3 million in damages and legal fees in the case.

“Finally, given our primary focus on placing gaming devices on a recurring revenue participation basis and building net win per day at each venue, we continue to explore options for the divestiture of our non-core legacy table gaming operations as another avenue toward maximizing shareholder value

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eddy
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Elixir Gaming Technologies to Host Asian Gaming Market TourLast update: 5/14/2008 1:41:01 PM- Tour to Follow Elixir Gaming Management Presentation at G2E Asia Gaming Investment Forum 2008 on June 3 in Macau - LAS VEGAS & MACAU, May 14, 2008 (BUSINESS WIRE) -- Elixir Gaming Technologies, Inc. (EGT) ('the Company") announced today that it will host an investor tour of gaming venues in the Philippines, Vietnam and Cambodia markets from Friday, June 6th through Monday, June 9th. Elixir Gaming's senior management team will accompany interested parties on tours of gaming venues in each market and provide insight into the specific market dynamics that are driving the adoption of gaming across the Pan-Asian region. The Asian Gaming Market Tour will follow the Elixir Gaming management presentation at the G2E Asia Gaming Investment Forum 2008 on Tuesday, June 3 at 11:45 a.m. at The Venetian Macau-Resort-Hotel, Macau. The venues to be toured include facilities in which Elixir Gaming has installed electronic gaming devices as well as other facilities that management believes will provide valuable market perspective. The itinerary includes:
Friday, June 6, 2008: Manila, PhilippinesSaturday, June 7, 2008: Ho Chi Minh, VietnamSunday, June 8, 2008: Phnom Phen, CambodiaMonday, June 9, 2008: Tour concludes; travel homeGordon Yuen, Executive Chairman and CEO of Elixir Gaming, commented, "Elixir Gaming is establishing a significant presence in new, emerging gaming markets across Asia. Given the relatively recent focus by the investment community on these developing markets, this tour will increase investors' understanding of the specific markets in which we operate and the opportunity and growth potential they offer." Elixir Gaming will provide tour participants with logistical support including flight recommendations, hotel and restaurant reservations, in-market travel arrangements, visa details and other support as needed. Tour attendees will be responsible for the costs of their airfare and hotel accommodations. To confirm attendance on the Asian Gaming Market Tour or to receive additional details, please contact Richard Land or Norberto Aja at Jaffoni & Collins Incorporated by e-mail: egt*jcir.com or by phone: 212/835-8500. Interested parties should respond as soon as possible to ensure appropriate time to make all necessary travel arrangements. About Elixir Gaming Technologies, Inc. Elixir Gaming Technologies Inc. (EGT) is a member of Elixir Group, an innovator of gaming technology solutions and a wholly owned subsidiary of Melco International Development Limited. Elixir Gaming, in collaboration with Elixir International (which is also a member of Elixir Group), secures long-term contracts to provide comprehensive turn-key solutions to 3, 4 and 5 star hotels, cruise ships and other well-located venues throughout Asia that seek to offer casino gaming products. Elixir International assists the venue and venue owner with the licensing and regulatory process, physical casino design, construction management, slot and game floor design layout, purchases the gaming machines and systems from the industry's leading gaming equipment suppliers and installs the gaming machines and systems such that the casino is delivered in a fully operational state. Elixir Gaming retains ownership of the gaming machines and systems and receives recurring daily fee of at least 20% of the net gaming win per machine and provides on-site maintenance. The Company has established a strategic presence in the Asia Pacific region with participation contracts in the Philippines, Cambodia, Vietnam and other Asian markets. For more information please visit . SOURCE: Elixir Gaming Technologies

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eddy
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big order sitting at 1.32 bid--now 1.33 x 1.34---jmho--bottom has been set-G/L
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eddy
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in at 1.35 average--they bought over 9 million shares in march 08----------NAME OF REPORTING PERSON:

Strata Capital Management LP

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):


SEC Use only

CITIZENSHIP OR PLACE OF ORGANIZATION

California

SOLE VOTING POWER

NUMBER OF Shares
9,803,320
BENEFICIALLY


REPORTING


9,803,320

PERSON

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eddy
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wow!! 1.75 in after hours-- http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?mode=&page=afterhou rs&symbol=EGT&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&sy mbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&sy mbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=egt&FormType=&kin d=&Leap=&mkttype=after&sel=afterhours&userinput=
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eddy
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will grab more today---46 million in cash and just 1.5 million in debt--I look for something big to happen before the investor tour in June--aka buyback etc. they will want the shareholders to be happy when they show up for the big tour--jmho---G/L
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eddy
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bought more--huge buy order is sitting at 1.15 bid--115k
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eddy
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one specialist left on the 1.24 ask--the other 3 moved to 1.29--looks like just 1 seller now
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eddy
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grabbed some more
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eddy
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EGT--bottom--35k order sitting at 1.31 bid--looks great

and 40k sitting at 1.30 bid

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eddy
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reversal yesterday-back to over 1.75 short term imo- http://stockcharts.com/h-sc/ui?s=EGT&p=D&b=5&g=0&id=p91341840427
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lostone
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looking good today... EGT made that Motley Fool article

--------------------
lostone

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eddy
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quote:
Originally posted by lostone:
looking good today... EGT made that Motley Fool article

did not see that--thanks
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lostone
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i sold out too soon, looks like run about to begin too.. financials came out saturday.. it looks like things are improving.. darn, o well, already sold

--------------------
lostone

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eddy
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quote:
Originally posted by lostone:
i sold out too soon, looks like run about to begin too.. financials came out saturday.. it looks like things are improving.. darn, o well, already sold

sounds like me a lot of times--sell to early on VM,USU,COT etc. G/L--do radar BE at 1.38
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1.49
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Titan
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EGT pinch play in the works. News out yesterday.

http://stockcharts.com/h-sc/ui?s=EGT&p=D&yr=0&mn=3&dy=0&id=p44513730398

Elixir Gaming Technologies Improves Balance Sheet and Liquidity Through Multi-Faceted Agreements with Elixir Group
- Elixir Gaming's Total Obligations to Elixir International Reduced by Approximately $14 Million to $12.1 Million - - New Note Terms Provide Elixir Gaming Reduced Interest Expense and Strong Cash Flow Benefits - - Provides Preliminary 3Q Operating Metrics -

* Thursday November 6, 2008, 7:57 am EST

* Yahoo! Buzz

Related:

* egt

LAS VEGAS--(BUSINESS WIRE)--Elixir Gaming Technologies, Inc. (AMEX:EGT - News) (“Elixir Gaming” or “the Company”), a provider of gaming technology solutions to the Pan-Asian gaming industry, announced today that it has entered into agreements with Elixir Group and Elixir International, a wholly-owned subsidiary of Elixir Group, which immediately benefit the Company’s balance sheet and liquidity while reducing forward operating costs and eliminating the dilutive impact of approximately 41.4 million shares potentially earned by Elixir Group.

http://finance.yahoo.com/news/Elixir-Gaming-Technologies-bw-13483933.html

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LOL, .09 now?
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