Century Entertainment with 24.7 pct y-o-y fall in revenues

Gaming company Century Entertainment International Holdings Limited reported a 24.7 per cent year-on-year fall in revenues for the financial year ending on March 31 of this year to HK$49.5 million due to the pandemic, the group’s latest financial report indicates.

However, the group’s reported net loss decreased considerably from HK$418.3 million to HK$38.1 million as the impairment and disposal losses of the closed Greek Mythology were recognised last year.

In February 2019, Century – previously known as Amax International – disposed of a 24.8 per cent stake in the defunct Greek Mythology casino.

The company headed by Ng Man Sun is mainly engaged in investment holdings, operating 13 gaming tables in a VIP room in Cambodia, the development of innovative intellectual properties and technological solutions in connection with AR/VR applications to clients, and previously held a gaming business in Vanuatu disposed on March 31 f this year.