Century Entertainment terminates Cambodian gaming table business, in negotiations over new deal

Hong Kong-listed Century Entertainment International Holdings Ltd said Tuesday it had “mutually agreed” to terminate a deal to operate eight gaming tables at a casino in controversial Chinese-backed investment zone Dara Sakor, Cambodia.

According to a filing, a Termination Agreement was signed on 31 December 2023 by the company’s subsidiary, Victor Mind Global Ltd (VMG), and Lion King Entertainment Company Limited, which is wholly-owned by the company’s Chairman and CEO Ng Man Sun. Mr Ng, a former Macau junket identity, had held the rights to the gaming tables in question.

“VMG has not paid any deposit in respect of the assignment and neither party shall make any compensation to the other,” Century Entertainment said.

In full: https://www.asgam.com/index.php/2024/01/03/century-entertainment-terminates-cambodian-gaming-table-business-in-negotiations-over-new-deal/

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