{"id":777019600,"date":"2024-10-03T09:56:14","date_gmt":"2024-10-03T12:56:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019600"},"modified":"2026-04-22T05:32:02","modified_gmt":"2026-04-22T08:32:02","slug":"century-secures-approval-for-vip-rooms-lease-in-cambodia","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/century-secures-approval-for-vip-rooms-lease-in-cambodia","title":{"rendered":"Century secures approval for VIP rooms lease in Cambodia"},"content":{"rendered":"\n<p>Century Entertainment&#8217;s shareholders have approved\u00a0the casino agreement for the lease of two VIP rooms in Cambodia.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.-\u00a0<strong>Century Entertainment International Holdings<\/strong>\u00a0has announced that 99.99 per cent of its shareholders approved the agreement between the company&#8217;s subsidiary, Wisdom Ocean Group Limited, and LongBay Entertainment for the lease and operation of two VIP rooms at a casino at LongBay Century Hotel in Dara Sakor, Koh Kong province for three years. A special meeting was held on September 30<\/p>\n\n\n\n<p><strong>Wisdom Ocean Group<\/strong> entered\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/century-to-lease-and-operate-two-vip-rooms-at-dara-sakor-casino\" target=\"_blank\" rel=\"noreferrer noopener\">a three-year contract<\/a>\u00a0in May. It will pay a monthly rent of US$35,000 for the lease and will be responsible for the entire house losses alongside staff costs and taxes. With a gross floor area of approximately 650 square metres (6,997 square feet), the rooms will host seven gaming tables.\u00a0<\/p>\n\n\n\n<p>The company had previously expressed cautious optimism regarding revenue contributions from the next half. It will retain 100 per cent of the winnings.<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-appoints-yuen-sing-wai-lester-as-non-executive-director\" rel=\"noreferrer noopener\">Century appoints Yuen Sing Wai Lester as non-executive director<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Entertainment&#8217;s shareholders have approved\u00a0the casino agreement for the lease of two VIP rooms in Cambodia.<\/p>\n","protected":false},"author":176,"featured_media":13359,"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's shareholders have overwhelmingly approved a three-year agreement for its subsidiary, Wisdom Ocean Group, to lease and operate two VIP gaming rooms at LongBay Century Hotel in Cambodia. This strategic move involves a monthly rent of US$35,000, with Wisdom Ocean assuming responsibility for all operational costs and house losses, while retaining 100% of the winnings from the seven gaming tables. The company anticipates cautious optimism regarding future revenue contributions from this venture.","focusai_entities":"Century Entertainment International Holdings, Wisdom Ocean Group Limited, LongBay Entertainment, LongBay Century Hotel","focusai_location":"Cambodia, Dara Sakor, Koh Kong province","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Room Profitability Projections","query":"What are Century Entertainment's specific EBITDA projections for the VIP gaming rooms, considering the US$35,000 monthly lease, full assumption of house losses, and 100% winnings retention?"},{"label":"Regulatory Compliance Strategy","query":"How does Century Entertainment plan to navigate the specific regulatory and licensing compliance requirements for VIP gaming operations within Cambodia's jurisdictional framework?"}],"footnotes":""},"categories":[157,16333],"tags":[23768],"class_list":["post-777019600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-century-entertainment-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019600","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=777019600"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019600\/revisions"}],"predecessor-version":[{"id":777019620,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019600\/revisions\/777019620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13359"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}