Hong Kong-listed gaming company, Century Entertainment, reported a 71% plunge in revenue for the fiscal year concluding on March 31, 2022. This steep decline is primarily linked to the shutdown of casinos in Cambodia, its main operational hub, as a result of the COVID-19 outbreak. Although the company recorded a net deficit, it was considerably lower than the loss incurred in the preceding year. Despite the difficult environment, Century Entertainment maintains a positive outlook, pointing to a worldwide resurgence in travel. As the sector recovers, the company intends to prioritize enhancing its competitive edge and leveraging market shifts.
The collective is depending on an economic upswing and some favorable shifts within the gaming sector. They aspire for these elements, coupled with some internal reorganization and a touch of fortune in uncovering fresh prospects, to steer them toward expansion in the coming year.