Century Entertainment reveals going concern uncertainty on HK$43 million loss

Hong Kong-listed gaming investor Century Entertainment International Holdings Limited, formerly known as Amax, says there remain uncertainties around its ability to continue as a going concern after recording a HK$43 million (US$5.5 million) loss for the year ended 31 March 2021.

The FY21 loss, widened from a loss of HK$38.1 million 12 months earlier, comes after Century Entertainment recorded just HK$700,000 (US$90,000) in revenue for the year due to the suspension of its gaming tables business in Cambodia.

Previously operating table games at a casino in Sihanoukville owned by the company’s Chairman and CEO Ng Man Sun, Century Entertainment was in the process of relocating its business to a new casino in Dara Sakor when Cambodia’s latest outbreak of COVID-19 struck in March.

In full: https://www.asgam.com/index.php/2021/06/30/century-entertainment-reveals-going-concern-uncertainty-on-hk43-million-loss/

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