Dubai theme 188bet game operator DXB Entertainments (DXBE) recently announced that it is restructuring its debt and adjusting its attendance target for Legoland and Sony Pictures-themed parks。

The main reason why the number of tourists in 2017 did not reach the expected target。“188bet game originally planned to have 6.7 million tourists in 2017，But this goal is currently unlikely to be achieved。" DXBE CEO Mohamed Almulla said in a phone interview with Bloomberg，“This goal can finally be achieved，But not in the short term，”He said，But no specific timetable was mentioned。

After the announcement of the financial report with larger-than-expected losses for 2017，DXBE reaches AED 1.2 billion with major shareholders (3.US.7 billion) of equity-converted debt，Agreement to delay repayment of bank loan。DXBE attractions include Dubai Parks & Resorts is the most famous，Others include Bollywood movies、A 188bet game themed after Hollywood movies such as The Hunger Games，But last year the number of visitors to these attractions was only 2.3 million。

Dubai Parks & Resorts “Not fully operational for much of 2017，"Almulla said，“I think 2018 will be the year that reflects 188bet game’s true performance。”

As of 1:00 pm on the 26th, Dubai local time，DXBE stock price fell 1.7% to 0.515 AED，Set a record low in 188bet game’s closing price，The share price has fallen by 50% in the past 12 months。

188bet game stated in an announcement issued on the 26th，DXBE agrees to become Meraas Leisure, the major shareholder with 52% of the shares & Entertainment LLC’s AED 700 million loan converted into convertible bonds。The theme 188bet game operator also agreed to sign a three-year 4.2 billion ram (11.US0 million) principal deferred payment agreement。

The top priority is to achieve breakeven

According to people familiar with the matter，Start last month，DXBE, which has the Qatar Investment Authority as its second largest shareholder, has begun negotiations with lenders on restructuring bank loans。DXBE’s financial report released in February this year，188bet game suffered a loss of 11 in 2017.AED 200 million (3.USD 0.4 billion)，Above Analyst 8.Expected loss of AED 9.6 billion。Also，Since launch in 2014，188bet game has not distributed any dividends yet。

CEO Almulla said，The most important task of DXBE at the moment is，Calculated based on profit before interest, tax, depreciation and amortization，188bet game can reach loss balance。“The good momentum of 188bet game’s performance at the end of 2017 gives us confidence in continuing to execute the current strategy and achieve greater success in 2018。”

Opening projects in 2019

Almulla said，The company is building a Legoland hotel and a Six Flags theme 188bet game，Both projects are expected to begin operations by the end of 2019。

“We are on track to build Six Flags and the Legoland Hotel，”He said，“These two projects are fully funded，After opening in 2019, it will play a major role in attracting tourists。”