Century Leisure is hoping that it will possibly start to bounce again from what has been a tough 12 months. The Cambodian desk video games operator ended the six-month interval on September 30 with HK5.84 million ($747,000) in debt underneath its belt, down 72% year-over-year. The outcomes are attributed to the closure of casinos in Cambodia and the following makes an attempt by the corporate to deliver again desk video games.
Regardless of the Continued Drop, Century Is Optimistic about Future
Now, Century Leisure could have a date in thoughts when this might occur, giving December the most probably month for this to occur. The corporate needed to finalize some authorized issues and in addition make sure that its provide would meet COVID measures earlier than a relaunch of the desk video games sector could also be tried.
The enterprise should be absolutely again on monitor, the corporate stated in an replace, in 2023, and desk video games ought to begin selecting up in December and keep on with regular momentum within the months after. Century Leisure can also be planning to maneuver its casinos to Dara Sakor in Koh Kong Province, which remains to be present process.
The choice to pack up and depart has come after a string of investigations into the on line casino trade in Cambodia with Century Leisure eager to make sure that it stays clear and law-abiding, in addition to aggressive.
The operator runs the enterprise out of a on line casino in Sihanoukville which is linked to the corporate Chairman and CEO, Ng Man Solar, however a extra enticing provide has been obtained by the corporate which has now determined to make the transfer. Ng has himself been described as a controversial former Macau gaming character.
The street to restoration remains to be a protracted one, however the firm has an thought of when it will possibly flip a revenue as soon as once more, anticipating this to occur in November 2023. Nonetheless, restoration for Century Leisure shall be attainable on the situation that there are not any different main disruptions in Cambodia and the area.
Cambodia can also be decided to be delisted from the FATF’s gray listing, with the nation eager to persuade the worldwide watchdog that it has finished quite a bit to clamp down on cash laundering, human trafficking and different types of corruption and crime.