{"id":31346,"date":"2022-07-01T04:02:29","date_gmt":"2022-07-01T07:02:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31346"},"modified":"2026-04-23T07:15:05","modified_gmt":"2026-04-23T10:15:05","slug":"century-entertainment-to-reopen-gaming-table-business-in-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-to-reopen-gaming-table-business-in-september","title":{"rendered":"Century Entertainment to reopen gaming table business in September"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The company has reported that revenue declined to HK$0.2m (US$25,500) for the year ended March 31.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Cambodia.- While sharing its financial results for the fiscal year 2021, Hong Kong-based\u00a0Century Entertainment International Holdings<strong>\u00a0<\/strong>has revealed that it expects to reopen its gaming tables business in Dara Sakor from September 2022. It is waiting on the completion of systems testing and training of casino staff.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2019, Century had signed a deal to operate gaming tables in <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cambodia-to-ease-restrictions-in-sihanoukville-from-november-30\" target=\"_blank\">Sihanoukville<\/a>\u00a0but it then changed its plans and signed a\u00a0<strong>deal with Lion King Entertainment to operate four gaming tables<\/strong>, mainly baccarat, in Dara Sakor instead.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the fiscal year ended March 31 2022, Century Entertainment posted revenue of HK$0.2m (US$25,500) and a net loss of HK$3.7m (US$471,000). That compares to a loss of approximately HK$43.0m (US$5.5m) for the year ended 31 March 2021.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company&#8217;s net liabilities amounted to approximately HK$26.7m, increased by approximately HK$3.7m compared to net liabilities of approximately HK$23.0m last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Century Entertainment was\u00a0<strong>heavily affected by the Covid-19 pandemic\u00a0<\/strong>and the temporary closure of all casinos in Cambodia since 1 April 2020. However it said it is &#8220;confident that 2022 will mark a fresh start for its business.&#8221;\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It said: &#8220;with the hope of economic recovery and the assignment of the gaming tables, the group is dedicated to regaining its growth momentum by improving its business operations and seizing further market opportunities in the coming year.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has reported that revenue declined to HK$0.2m (US$25,500) for the year ended March 31.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 significant revenue decline to HK$0.2m and a net loss of HK$3.7m for FY2022, primarily due to the prolonged closure of Cambodian casinos amidst the Covid-19 pandemic. The Hong Kong-based operator anticipates reopening its gaming tables business in Dara Sakor, Cambodia, by September 2022, following systems testing and staff training. This reopening is crucial for the company's strategy to regain growth momentum and capitalize on market recovery.","focusai_entities":"Century Entertainment International Holdings, Lion King Entertainment","focusai_location":"Cambodia, Hong Kong, Dara Sakor, Sihanoukville","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), tech_data (0.7), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Conditions?","query":"What specific regulatory or market conditions in Cambodia are enabling Century Entertainment's projected September 2022 reopening, and what are the associated operational risks?"},{"label":"Capital Structure Impact?","query":"How does Century Entertainment's current capital structure and net liabilities position it to fund the operational restart and achieve its stated growth momentum?"}],"footnotes":""},"categories":[28,158,16333],"tags":[],"class_list":["post-31346","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-slider-home","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31346","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=31346"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31346\/revisions"}],"predecessor-version":[{"id":31370,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31346\/revisions\/31370"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}