Century Entertainment looks forward to recovering from a challenging year. The Cambodian table game operator ended the six months on September 30 with debts of HK5.84 million (US$747,000). 72% less year-on-year. The results are attributed to the closure of casinos in Cambodia and the company’s subsequent attempts to bring back table games.
Despite the Continued Drop, Century Is Optimistic about Future
Century Entertainment also has a date in thoughts while this may show up, giving December the maximum possible month for this. The organization needed to finalize a few felony subjects and make sure that its provisions might meet COVID measures earlier than a relaunch of the desk video games area can be attempted. The commercial enterprise should be returned on track, the organization stated in an update in 2023, and desk video games ought to begin selection in December and keep on with constant momentum withinside the months after. Century Entertainment is likewise planning to transport its casinos to Dara Sakor in Koh Kong Province, which remains undergoing. The selection to percent up and go away after a string of investigations into the online casino enterprise in Cambodia, with Century Entertainment eager to ensure that it stays prominent, law-abiding, and competitive. The operator runs the commercial enterprise out of an online casino in Sihanoukville, related to the organization’s Chairman and CEO, Ng Man Sun. However, extra appealing provide has been obtained with the aid of using the organization, which has now determined to make a move. Ng has himself been defined as a debatable former Macau gaming personality. The street to healing remains an extended one. However, the organization believes it can flip earnings as soon as again, and it is looking forward to this showing up in November 2023. Still, healing for Century Entertainment can be feasible because there aren’t any different main disruptions in Cambodia and the region. Cambodia is likewise decided to be delisted from the FATF’s gray list, with the united states eager to persuade the global watchdog that it has executed loads to clamp down on cash laundering, human trafficking, and different styles of corruption and crime.
Former Macau casino investor Century Entertainment International Holdings hopes to finally resume its long-awaited table gaming operations at a casino in Dara Sakor, Cambodia, before the end of this month. The ongoing saga, updated as part of the release of interim results for the six months ended September 30, 2022, comes as Century Entertainment reported no revenue and a net loss of $5.8 million ($742,000.00) for the period in question -dollars) reported. Instead, the company has spent the past 18 months waiting for a fresh start since it agreed to move its massive table games business from Sihanoukville to Dara Sakor in February 2021. As previously reported by IAG, Century Entertainment operates its table games business in Sihanoukville at a casino owned by its President and CEO, controversial former Macau. Game Identity Ng Man Sun. However, announced in October 2020 that he had received a more attractive offer to host the casino in Dara Sakor. Century Entertainment, which previously signed a five-year deal with Lion King Entertainment Company Ltd – a company wholly owned by Ng – to operate some gaming tables in Sihanoukville’s casino, later agreed to do the same in Dara Sakor do.