Century Entertainment Looking to Launch Cambodian Table Gaming Business in September

• Sommana Yan
• 1 July 2022
• Local News
• 1864 Views

Hong Kong-listed Century Entertainment International Holdings Ltd says it hopes to launch operations of its gaming table business at a new casino in Dara Sakor, Cambodia, by late September following a series of setbacks.

Announcing its financial results for the year ending 31 March 2022  – which saw revenue plummet 72.5% to HK$200,000 (US$25,500) but loss narrow from HK$43 million (US$5.5 million) in FY21 to HK$3.7 million (US$471,000) – the company confirmed that it still holds the right to operate two gaming tables at the casino in question but that conditions precedent to the agreement were not fully satisfied or waived by 30 June 2022.

As previously reported by IAG, the casino is operated by Century Entertainment’s Chairman and CEO Ng Man Sun and opened for business on 4 November 2021. Ng’s casino had originally been located in Sihanoukville but Century Entertainment announced in October 2020 that he would relocate his operation after receiving a better offer from the owners of the building within which it is now located in Dara Sakor.

“The management of the company have also implemented the re-opening plan of the gaming tables business … in Dara Sakor Investment Zone and target to commence the operation of gaming tables business from September 2022 after the completion of systems testing and training of casino staff,” they said.

 

Credit to: https://www.asgam.com/index.php/2022/07/01/century-entertainment-looking-to-launch-cambodian-table-gaming-business-in-september/

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