Century Entertainment says long-awaited opening of Cambodia gaming table business now imminent – IAG

2022-12-04 14:02:26 By : Ms. Peng Sunny

Former Macau casino investor Century Entertainment International Holdings says it expects to finally re-launch its long-awaited gaming table operation at a casino in Dara Sakor, Cambodia before the end of this month.

The ongoing saga, updated as part of its interim results announcement for the six months to 30 September 2022, comes with Century Entertainment having reported zero revenue for the period in question and a net loss of HK$5.8 million (US$742,000). Race Game Chair

Century Entertainment says long-awaited opening of Cambodia gaming table business now imminent – IAG

Instead, the company has spent the past 18 months waiting to relaunch since agreeing to relocate its mass gaming table business from Sihanoukville to Dara Sakor in February 2021.

As previously reported by IAG, Century Entertainment has been operating its table games business in Sihanoukville in a casino owned by its Chairman and CEO – controversial former Macau gaming identity Ng Man Sun.

However, Ng revealed in October 2020 that he had received a more attractive offer to house the casino in Dara Sakor. Century Entertainment, which had previously signed a five-year deal with Lion King Entertainment Company Ltd – a company wholly-owned by Ng – to operate some gaming tables at the Sihanoukville casino, subsequently agreed to do so in Dara Sakor instead.

Implementation of that agreement has since been delayed on multiple occasions due to the COVID-19 pandemic, but Century Entertainment said overnight that it expects to have its gaming tables up and running within days.

“With the mass gaming tables business targeted to resume operation by end of 30 November 2022, and start contributing financially in 2023, the Group believes its business will return to an upward trajectory in the coming financial year,” it said.

“The valid period of the gaming table business rights shall be for a period of five years from the date when the mass market of the new casino re-opens.”

Century Entertainment was originally known as Amax International Holdings, a company best known for running VIP operations in Macau and holding a 24.8% stake in now shuttered Macau casino Greek Mythology.

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

As sure as death and taxes, the IAG team begins the process of selecting our Asian Gaming Power 50 list...

Long established as the definitive list of the most influential figures and personalities in the regional industry, IAG’s Asian Gaming...

IAG introduces the eight members of the judging panel who have determined this year’s Asian Gaming Power 50 list.

The countdown begins! IAG’s full list of the men and women who made our industry tick in 2022.

A second auction of gaming equipment owned by embattled Saipan casino operator Imperial Pacific International (CNMI) LLC will take place this Friday 9 December with the focus shifting to larger equipment. According to Tim Shepherd of receiver Clear Management Ltd,...

The Second Standing Committee of the Macau Legislative Assembly continued discussing the city’s new junket law, Legal Framework for Operating Games of Chance in Casinos, on Friday, with Committee Chairman Chan Chak Mo revealing the bill is expected to be...

Philippines integrated resort Okada Manila has reported gross gaming revenues of Php9.52 billion (US$171 million) in the three months to 30 September 2022, representing a 141% year-on-year increase and 14.7% higher than Q2. According to information published by Okada Manila...

Australian racing and wagering firm Tabcorp has revealed it will look to raise US$289 million via the issuance of long-term debt to investors in the US private placement market. The debt will be accrued via two US dollar denominated tranches...

© 2005-2022 Inside Asian Gaming. All rights reserved.

Century Entertainment says long-awaited opening of Cambodia gaming table business now imminent – IAG

Computer Reclining Leather Gaming Chair © 2005-2022 Inside Asian Gaming. All rights reserved.