Century Entertainment to Operate Dara Sakor Casino VIP Gaming Room
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This agreement will see Century Entertainment operate VIP tables, effectively replacing a prior arrangement that had been made directly with its own chairman and CEO.
Deal to Cover Table Games
It has been reported that Wisdom Ocean Group, a wholly owned subsidiary of Century Entertainment, has been entrusted with the management of gaming tables at the Dara Sakor casino. This initial agreement is set to last for three years, during which Century Entertainment will compensate LongBay Entertainment, the owner of the casino, with a monthly fee of $35,000.
Under the terms of the contract, Century Entertainment will retain all earnings from the tables and will also be responsible for all the losses incurred. Additionally, the agreement stipulates that Century Entertainment must handle all staffing expenses associated with the operation of the gaming tables. This arrangement highlights Century Entertainment’s commitment to expanding its footprint in the casino industry while managing both the potential profits and risks.
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The deal also stipulates that LongBay Entertainment will be responsible for providing a valid gaming license and it will have to cover any casino operating expenses such as utility fees, sanitation charges, air-conditioning charges, and so on.
The Dara Sakor casino is set to house roughly 40 mass gaming tables, 55 VIP tables, and 80 slot machines. Visitors will also be able to enjoy a Chinese restaurant, spa, and nightclub.
Century Entertainment intended to move its gaming table business from Sihanoukville to the new venue in Dara Sakor but this was then delayed until March due to increasing numbers of Covid-19 patients.
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