• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 29 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Losses narrow for Century Entertainment in 1H21 despite suspension of Cambodian gaming table operations

Newsdesk by Newsdesk
Fri 27 Nov 2020 at 06:20
Century Entertainment to relocate Sihanoukville VIP room to Dara Sakor investment zone

Dara Sakor will be the location of gaming tables under Century Entertainment Corp's operation.

16
SHARES
400
VIEWS
Print Friendly, PDF & Email

Hong Kong-listed Century Entertainment International Holdings Ltd reported a loss of HK$6.2 million for the six months to 30 September 2020, reduced from HK$13.5 million over the same period in 2019 despite the temporary closure of its gaming businesses in Cambodia due to COVID-19.

Announcing its results on Thursday, Century Entertainment – formerly known as Amax International Holdings – said it accrued revenue of just HK$2.7 million, down 87.4% year-on-year, having seen all of its gaming business operations impacted.

In May, the company terminated a lease deal with Cambodia’s Crown Resorts Co Ltd to operate a VIP room with 13 gaming tables at Genting Crown Casino in Poipet as a result of a lengthy closure.

It is also still waiting for the opening of a new hotel and casino in Dara Sakor – a controversial Chinese-backed investment zone covering 360 square kilometers on the Cambodian coastline – where it plans to operate gaming tables under a deal it previously signed its own Chairman and CEO, Ng Man Sun. Mr Ng owns the casino in question.

Despite the absence of its key business lines, Century Entertainment said the decrease in loss was “primarily the result of loss incurred for the period which was mainly due to the decrease in revenue as mentioned above and the amortization of intangible assets for this period for continuing operations, which was then offset by the fair value gain on promissory notes and consultancy income.”

It added that the company “remains dedicated to strengthening Cambodia gaming business by riding on the Group’s comprehensive knowledge and in-depth experience in gaming industry in the Asia Pacific region.

“With the implementation of the Law on the Management of Integrated Resorts and Commercial Gambling (Cambodia’s newly promulgated gaming law), the Group believes that it will allow a more effective control and regulation over casino operation, gaining operators’ trust and facilitating the gaming industry in the long run.”

RelatedPosts

IEC issues profit warning on widened losses through December 2021

IEC falls to US$36 million loss in FY25 but 200% increase in gaming revenues suggests bright future for Manila IR project

Sat 27 Sep 2025 at 11:56
Light & Wonder appoints Oliver Chow as Chief Financial Officer

Light & Wonder appoints former Aristocrat executive Rohan Gallagher as EVP, Global Chief Corporate Affairs Officer

Fri 26 Sep 2025 at 07:31
Days after satellite casino Grand Dragon ceases operations, Melco completes closure of first Mocha slot club Kuong Fat

Days after satellite casino Grand Dragon ceases operations, Melco completes closure of first Mocha slot club Kuong Fat

Thu 25 Sep 2025 at 16:24
Philippines gaming tech firm DigiPlus files license applications with South African regulator

Philippines gaming tech firm DigiPlus files license applications with South African regulator

Wed 24 Sep 2025 at 13:32
Load More
Tags: Amax International HoldingsCambodiacasinoCentury Entertainment International HoldingsDara SakorGamingNg Man Sun
Share6Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Macau makes unprecedented personnel changes as Wong Sio Chak promoted and André Cheong named Legislative Assembly member

Macau makes unprecedented personnel changes as Wong Sio Chak promoted and André Cheong named Legislative Assembly member

by Pierce Chan
Mon 29 Sep 2025 at 15:46

The Macao SAR Government has made significant personnel changes, with former Secretary for Security, Wong Sio Chak, promoted to Secretary for Administration and Justice while the former Secretary for Administration and Justice, André Cheong, has become a member of the...

IEC issues profit warning on widened losses through December 2021

IEC falls to US$36 million loss in FY25 but 200% increase in gaming revenues suggests bright future for Manila IR project

by Ben Blaschke
Sat 27 Sep 2025 at 11:56

Hong Kong-listed International Entertainment Corp (IEC) said it remains confident in the long-term prospects of its Manila hotel and casino project after booking a 200% year-on-year increase in gaming revenue in the 12 months to 30 June 2025. While increased...

1xBet celebrates role as industry flagship at SBC Summit 2025

1xBet celebrates role as industry flagship at SBC Summit 2025

by Newsdesk
Sat 27 Sep 2025 at 11:32

Global sports betting brand 1xBet has celebrated its participation in this year’s SBC Summit, noting that its standing as Premium Sponsor highlighted the company’s role in industry growth and the significance of the European region for the brand. 1xBet said...

Football the focus as Vietnam revises sports betting decree

Vietnam considering revised US$380 daily betting cap on international football

by Newsdesk
Sat 27 Sep 2025 at 09:06

Vietnam’s Ministry of Finance wants to update the maximum amount individuals can bet on international football matches per day, with the current VND1 million (US$38) allowed per category to be replaced by a daily limit of VND10 million (US$380), according...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English