Century Entertainment warns of losses of A $ 40 million throughout the year

Hong Kong Century Entertainment International Holdings Limited (formerly Amax) video game investor warns of profits from expected losses of at least A $ 40 million (US $ 5 million) for the fiscal year ended on March 31, 2021.

According to a statement on Friday, the 2021 loss is similar to the loss of A $ 39.2 million reported 12 months ago: “Amortization made primarily on intangible assets related to the gaming table business., And amortization losses. 13.6 million Australian dollars (1.8 million US dollars) and 26.5 million Australian dollars, respectively, for intangible assets and goodwill related to the operation of AR / VR applications (reality augmented / virtual reality). (US $ 3.4 million). “

The company’s reasoning is that the massive board game of a new casino in Dara Sakoa, Cambodia, following the news that President and CEO Nmansan moved the casino owned by Sihanoukville late last year and that opera Century Entertainment. Indicates that the resumption of business is delayed. Some game tables: in new locations.

No abbreviation: https://www.asgam.com/index.php/2021/06/21/century-entertainment-warns-of-hk40-million-full-year-loss/

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Century Entertainment warns of losses of A $ 40 million throughout the year

Source link Century Entertainment warns of losses of A $ 40 million throughout the year

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