Century Entertainment reports 25% fall in revenue

Posted: Jul 01, 2020 11:21 Category: Asia , Posted by Maria Debrincat

Century Entertainment intend to keep their focus on gaming interests in Southeast Asia, especially Cambodia

The company operates four VIP tables at a property in Sihanoukville, Cambodia owned by its own Chairman and CEO, Ng Man Sun.

Hong Kong’s Century Entertainment International Holdings Limited, formerly known as Amax International Holdings just announced its results for the last financial year ending March 31, 2020 

Total revenue amounted to just US$6 million, which is over 25% less than the 2019 resultsThe net loss for the complete year amounted to almost US$5 million, and this is before the major lockdown took place. 

Century Entertainment has also announced that it has reached a mutual agreement with Crown Resorts Co Ltd to terminate the lease agreement for a VIP room at the Genting Crown Casino in Poipet, Cambodia from 1st June. That includes a full release from any current or future claims, costs or expenses. 

Nevertheless, Century Entertainment will keep their focus on gaming interests in Southeast Asia, especially Cambodia. In their filing they explained: “the group remains focused on Cambodia gaming business by riding on the group’s comprehensive knowledge and in-depth experience in the gaming industry in the Asia Pacific region” and added further: Although the operation at Cambodia completely paused at the moment, the group believes that its business in Cambodia will be on an upward trend by leveraging the country’s robust foreign investment and tourism development in the long term.” 

The company also still operates four VIP tables at a property in Sihanoukville, Cambodia owned by its own Chairman and CEO, Ng Man Sun. 

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