Century Amusement Weathers COVID-19 Storm, Eyes Recovery in 2022

Century Amusement, a gaming corporation traded on the Hong Kong stock exchange, experienced a steep 71% revenue drop to a paltry HKD200,000 (approximately US$25,500) for the fiscal period concluding March 31, 2022. This severe decrease was linked to the COVID-19 outbreak and the ensuing shutdown of all gaming establishments in Cambodia, Century Amusement’s operational base, commencing April 1, 2020.

The firm had declared revenue of HKD700,000 in the preceding fiscal year. Although their annual net deficit contracted to HKD3.7 million from HKD43 million the year prior, the pandemic’s influence on their activities is apparent.

Despite the demanding circumstances, Century Amusement maintains a hopeful outlook on the times ahead. They recognize the consistent resurgence of the worldwide travel sector and anticipate that 2022 will signify a new beginning for their enterprise. The corporation intends to prioritize strengthening its fundamental competitiveness, attentively observing market patterns, and adjusting to the shifting COVID-19 scenario to attain sustained expansion.

The firm is depending on an economic rise and the green light for its gambling permit. They’re set on returning to profitability by making their processes more efficient and seizing fresh prospects when the year turns over.