Cambodian table games operator Century Entertainment has issued a profit warning, advising that it expects to record a loss of HK$63 million ($8.04 million) for the year ended 31 March 2023.
The figure shows that its FY23 loss widened, as the loss attributable to owners of the company was about HK$3.7 million ($470,000) in FY22.
On Thursday’s filing, Century Entertainment notes that the increase in loss was mainly attributable to “the written off of intangible assets” and “the impairment loss on receivables”.
Ng Man Sun is chairman and Chief Executive Officer of the Hong Kong Stock Exchange-listed Century Entertainment.
Early this year, the company signed a new five-year agreement to operate eight gaming tables at its casino in Cambodia.
The group had relocated its casino operations from Sihanoukville to a new casino in Dara Sakor during the pandemic. The new casino in Dara Sakor, Koh Kong province is 10,500 square meters in size, with the casino areas making up 7,000 square meters.
The property includes 20 mass gaming tables – including baccarat (including the new tables, poker, blackjack and sic bo – as well as 50 electronic gaming machines, 25 VIP tables and a Chinese restaurant.
The company is leasing the casino and gaming license until April 2036.