closure of all casinos mandated by Cambodian Prime Minister Samdech Techo Hun Sen<\/a><\/strong><\/em> due to the on-going Covid-19 pandemic. <\/p>\n\n\n\nGaming activity is halted until further notice in order to prevent the spread of the Coronavirus, with casinos having first closed in April.<\/p>\n\n\n\n
The license agreement was set to expire on November 30. However, Century decided that terminating the license agreement early without compensation would minimise cash outlay during the pandemic period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Century terminates agreement early without compensation to minimise cash outlay during the Covid-19 pandemic.<\/p>\n","protected":false},"author":2,"featured_media":6826,"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 Ltd. has prematurely terminated its VIP room licensing agreement with Crown Resorts Co., Ltd. for operations at Genting Crown Casino in Cambodia. This decision, driven by mandated casino closures due to the COVID-19 pandemic, aims to mitigate cash outlay by foregoing compensation for the early termination.","focusai_entities":"Century Entertainment International Holdings Ltd., Crown Resorts Co., Ltd., Victor Mind Global Limited (VMG), Genting Crown Casino, Samdech Techo Hun Sen","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Contractual Implications?","query":"What are the specific contractual clauses, such as force majeure, that permitted this early termination without compensation, and what precedent does this set for similar B2B licensing agreements?"},{"label":"Financial Impact?","query":"How will the cessation of VIP room operations impact Century Entertainment's GGR and NGR projections for the current fiscal year, and what alternative revenue strategies are being explored to mitigate this impact?"}],"footnotes":""},"categories":[160,157,158,16333],"tags":[30,12436],"class_list":["post-6824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-slider-home","category-south-east-asia-news","tag-cambodia","tag-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6824","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6824"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6824\/revisions"}],"predecessor-version":[{"id":777007564,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6824\/revisions\/777007564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6826"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}