Century Amusement, a gaming establishment enterprise in Hong Kong, experienced a revenue plunge of 71% in the financial year concluding March 31, 2022. This steep decline, dwindling to a mere HK$200,000 (roughly US$25,500), is primarily attributed to the lingering effects of the COVID-19 outbreak. Cambodia, Century Amusement’s operational base, witnessed its casinos closed by government order from April 2020 onward, further impacting the company’s profitability.
Although the company recorded a net deficit of HK$3.7 million (US$472,000) for the financial year, this signifies a notable betterment from the preceding year’s net deficit of HK$43 million (US$5.5 million).
Notwithstanding the arduous circumstances, Century Amusement maintains a hopeful outlook on the future. The company perceives a robust global pattern of tourism resurgence and is relying on a recovery in 2022. They intend to prioritize bolstering their fundamental competitiveness and attentively observing market tendencies and the pandemic scenario to propel long-term expansion.
The firm is wagering on an economic rebound and significant shifts within the gaming sector. Their strategy involves optimizing processes and capitalizing on emerging prospects in the coming year.
