Century Entertainment International Holdings Limited staying in the red

IDNSport – Century Entertainment International Holdings Limited staying in the red,

Asian casino and entertainments firm Century Entertainment International Holdings Limited has reportedly announced that it is soon expecting to detail a net deficit for the twelve months to the end of last March of approximately $5.15 million.

According to a report from Inside Asian Gaming, the Hong Kong-listed firm is due to publish its most recent annual financial results before the end of the month and that the anticipated deficit will be similar to the about $5.04 million shortfall it chalked up for the preceding twelve-month period. The source detailed that the company used an official Friday filing to blame the projected upcoming loss on amortization and impairment charges associated with the intangible assets of its gaming table and virtual reality businesses worth around $1.75 million and $3.41 million respectively.

Delayed debut:

Century Entertainment International Holdings Limited, which was known as Amax International Holdings Limited until undergoing a 2019 name-change, reportedly used the filing to assert that it has been hurt by the continued wait in launching mass-market gaming table operations in Cambodia. This purportedly comes after the firms Chairman and Chief Executive Officer, Ng Man Sun, made the decision last year to relocate a planned casino for the seaside resort of Sihanoukville to a new location in the nearby Dara Sakor investment zone.

Lucrative latitude:

Century Entertainment International Holdings Limited reportedly inked a deal some two years ago that saw it pay almost $15.48 million so as to obtain a five-year license to run a gambling-friendly establishment in the city of Sihanoukville. However, this agreement was purportedly put on hold in April of 2020 after Cambodia shuttered all of its casinos owing to the coronavirus pandemic.

Profitable potential:

The intervening months then reportedly saw Century Entertainment International Holdings Limited opt to take advantage of an attractive offer to move its projected Sihanoukville casino some 37 miles to a site within the Dara Sakor precinct, which is being developed as part of Chinas ambitious Belt and Road initiative. This new 113,000 sq ft venue had purportedly been scheduled to open during the first quarter of the year featuring 20 mass-market gaming tables as well as 25 VIP counterparts, 50 electronic units and a restaurant but has yet to welcome its first guests.

Diverse dealings:

Century Entertainment International Holdings Limited reportedly proclaimed that it is furthermore involved in the development of innovative intellectual properties and technological solutions that are connected to the provision of mobile gaming, virtual reality and augmented reality applications.

Read the filing (pdf) from Century Entertainment International Holdings Limited

Shareholders of the company and potential investors should take careful consideration of the companys announcement regarding the 2021 annual results, which are expected to be published before the end of June. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the company.

Recent Comments
New Casinos
5.0 rating
Welcome to the TEMPOPOKER online gambling site, which is the official website for the best and most trusted online poker betting idn for real money in Indonesia.
4.3 rating
Online games nowadays seem to be mushrooming lately, the reason is that more and more people are looking for entertainment, or fun during their spare time. The official online slot game is one of the games where all people can play by relying on certain techniques during gameplay.
4.0 rating
Agen138 is the largest & most trusted online betting site in Indonesia.
Official Partner
  • Kunjungi Jntuk.net yang merupakan situs kumpulan slot online terpercaya 2020 & 2021 bermutu ABLBET.
  • Daftar situs slot online terpercaya dan agen online resmi + bonus menarik judi online MNCCASH di Fameviews.com.
  • IDN Sport sebagai direktori judi online Indonesia modern IDN Poker, IDN Live, IDN Sport dan IDN Classic Game (Arcade).
  • Sman3-Palu.id dan basicsec.org sebagai ajang meraih sukses kemenangan bermain judi dimasa pandemi ini.
  • Link slot terpercaya untuk mudah menang.