Empire Global Gaming, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 12, 2016
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Empire Global Gaming, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's revenues were $67 compared with $30 a year ago. Operating loss was $6,171 compared with $10,134 a year ago. Net loss before provision for income taxes was $7,356 compared with $10,888 a year ago. Net loss was $7,356 compared with $10,888 a year ago.
For the six months, the company's revenues were $141 compared with $38 a year ago. Operating loss was $14,662 compared with $14,355 a year ago. Net loss before provision for income taxes was $16,800 compared with $15,783 a year ago. Net loss was $16,800 compared with $15,783 a year ago. Net cash used in operating activities was $28,289 compared with $14,129 a year ago.
Empire Global Gaming, Inc. (EGG), incorporated on May 11, 2010, is engaged in gaming business. EGG is focused on developing a range of public and casino grade gaming products for roulette, blackjack, craps, baccarat, mini baccarat, pinwheels, Sic Bo, slot machines, poker tables and bingo games. EGG also provides consulting and advisory services to the gaming industry. It is developing patented games into video and slot machine terminals as well as computer and mobile devices. EGG sells ancillary gaming products in the United States. It operates through Website located at www.empireglobalgaminginc.com. EGG subsidiaries include Empire Mobile Apps, Inc. and Empire IP, Inc.