Century Entertainment International Holdings has reported to the Hong Kong Stock Exchange its financial results for the April-September 2020 period. In this six-month stretch, the firm had losses of approximately HK$6.2 million (US$800,000).
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Current revenues collected by the Macau government, excluding capital revenues, dropped by 65.3 percent to MOP42.1 billion from Jan. to November, as gaming taxes collected by the local authorities plunged.
Malaysia's Department of Integrity and Compliance Standards (JIPS) of the Royal Malaysia Police says it continues to receive many complaints from the public alleging the police are failing in their responsibilities to enforce the law, especially against illegal gambling and drug trafficking.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.