{"id":777006790,"date":"2023-06-30T09:07:42","date_gmt":"2023-06-30T12:07:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777006790"},"modified":"2026-04-22T20:29:38","modified_gmt":"2026-04-22T23:29:38","slug":"century-entertainment-expects-us8-04m-loss-for-fy23","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-expects-us8-04m-loss-for-fy23","title":{"rendered":"Century Entertainment expects US$8.04m loss for FY23"},"content":{"rendered":"\n<p>Century Entertainment has issued a profit warning predicting a loss for the year ended March 31.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- Hong Kong-based&nbsp;<strong>Century Entertainment International Holdings&nbsp;<\/strong>has revealed that it expects to record a loss of approximately HK$63m (US$8.04m) for the last financial year. This is a widening of losses&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-posts-full-year-losses-of-hk43m\" target=\"_blank\">compared to the previous fiscal year<\/a>&nbsp;when the loss attributable to company owners stood at HK$3.7m (US$470,000). It attributes the increased loss to the write-off of intangible assets and impairment losses on receivables.&nbsp;<\/p>\n\n\n\n<p>Earlier this year, the company secured&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-signs-agreement-for-gaming-tables-in-cambodia\" rel=\"noreferrer noopener\">a new five-year agreement to operate eight gaming tables<\/a>&nbsp;in Dara Sakor, Koh Kong. It shifted its gaming north from Sihanoukville during the pandemic through a deal with&nbsp;<strong>Lion King Entertainment<\/strong>.&nbsp;<\/p>\n\n\n\n<p>The casino covers 10,500 square meters in size, with the gaming areas making up 7,000 square meters. It has&nbsp;<strong>20 mass gaming tables<\/strong>&nbsp;offering baccarat (including the new tables) poker, blackjack, and sic bo, as well as 50 electronic gaming machines, 25 VIP tables and a Chinese restaurant. Century Entertainment is leasing the casino and gaming licence until April 2036 and intends to work with the leaser to renew the gaming licence promptly on an annual basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Entertainment has issued a profit warning predicting a loss for the year ended March 31.<\/p>\n","protected":false},"author":176,"featured_media":12182,"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 has issued a profit warning, forecasting a significant loss of approximately HK$63m for the fiscal year ended March 31, a substantial widening from the previous year. This increased loss is primarily attributed to the write-off of intangible assets and impairment losses on receivables. The company recently secured a five-year agreement to operate gaming tables in Dara Sakor, Cambodia, having previously relocated operations from Sihanoukville.","focusai_entities":"Century Entertainment International Holdings, Lion King Entertainment","focusai_location":"Cambodia, Hong Kong, Dara Sakor, Koh Kong, Sihanoukville","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Asset Valuation Impact?","query":"Given the significant write-off of intangible assets and impairment losses, what is the revised net asset valuation and capital structure of Century Entertainment International Holdings?"},{"label":"Receivables Impairment Drivers?","query":"What specific market conditions, operational factors, or counterparty risks contributed to the impairment losses on receivables for the fiscal year?"}],"footnotes":""},"categories":[28,16333],"tags":[],"class_list":["post-777006790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006790","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=777006790"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006790\/revisions"}],"predecessor-version":[{"id":777006823,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006790\/revisions\/777006823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12182"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}