{"id":19615,"date":"2021-06-30T16:59:53","date_gmt":"2021-06-30T16:59:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19615"},"modified":"2026-04-23T18:03:37","modified_gmt":"2026-04-23T21:03:37","slug":"century-entertainment-posts-full-year-losses-of-hk43m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-posts-full-year-losses-of-hk43m","title":{"rendered":"Century Entertainment posts full-year losses of HK$43m"},"content":{"rendered":"\n<p>Century Entertainment has revealed financial results for the fiscal year ending March 31, reporting a net loss of HK$43m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.-&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-expects-to-post-full-year-losses-of-hk40m\">Century Entertainment International Holdings<\/a><strong>&nbsp;<\/strong>has published its annual results for the year ending March 31, showing <strong>revenue of HK$0.7m, down 98.4 per cent&nbsp;<\/strong>year-on-year from HK$45.9m.<\/p>\n\n\n\n<p>The company said the <strong>decrease was mainly due to the Covid-19 pandemic<\/strong>&nbsp;and the temporary closure of casinos in Cambodia since April 1, 2020, a measure that affected its <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-delays-cambodian-mass-gaming-table-business-until-april\">gaming table business<\/a>.<\/p>\n\n\n\n<p>Century Entertainment reported<strong>&nbsp;a net loss of HK$43m,<\/strong> compared to a loss of HK$38.1m during the previous fiscal year. The increased loss was mainly due to the decrease in revenue.<\/p>\n\n\n\n<p>The company said <strong>amortisation on the intangible assets&nbsp;<\/strong>concerning the gaming table business also affected the numbers.<\/p>\n\n\n\n<p>During the fiscal year, the company took an impairment charge of HK$13.6m due to the amortisation of assets related to its VIP gaming business in Cambodia. The group noted<strong>&nbsp;that it has yet to finalise its 2021 results.<\/strong><\/p>\n\n\n\n<p>Last November,&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-reduces-losses-despite-closure-of-casinos\">Century Entertainment<\/a>&nbsp;reported a loss of HK$6.2m for the six months to September 30,&nbsp;<strong>which compares to losses of HK$13.5m<\/strong>&nbsp;in the same period in 2019.<\/p>\n\n\n\n<p>The company remained confident that the overall tourist and gaming industries in Cambodia will grow fast once the pandemic comes to an end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Entertainment has revealed financial results for the fiscal year ending March 31, reporting a net loss of HK$43m.<\/p>\n","protected":false},"author":176,"featured_media":19631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Century Entertainment International Holdings reported a net loss of HK$43m and a 98.4% year-on-year revenue decrease to HK$0.7m for the fiscal year ending March 31. This significant downturn is primarily attributed to the COVID-19 pandemic and the prolonged closure of casinos in Cambodia, impacting its gaming table and VIP gaming businesses. The company also incurred an impairment charge of HK$13.6m on intangible assets related to its Cambodian VIP operations.","focusai_entities":"Century Entertainment International Holdings","focusai_location":"Hong Kong, Cambodia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Cambodia Market Recovery","query":"What specific governmental policies or economic indicators in Cambodia is Century Entertainment monitoring to project a rapid recovery in tourist and gaming industries post-pandemic, and what is the timeline for these projections?"},{"label":"Asset Impairment Rationale","query":"Beyond the stated amortisation, what specific changes in the valuation methodology or market conditions necessitated the HK$13.6m impairment charge on VIP gaming assets in Cambodia, and what is the residual book value of these assets?"}],"footnotes":""},"categories":[163,16333],"tags":[23768],"class_list":["post-19615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-century-entertainment-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=19615"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19615\/revisions"}],"predecessor-version":[{"id":19671,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19615\/revisions\/19671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19631"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}