Key Takeaways

  • Century Entertainment acquired a 5% interest in a company holding a PAGCOR Gaming System Administrator license.
  • By June 2026, its gaming venture, Konphil, appointed two accredited game content providers.
  • WPT’s GSA and game content provider licenses were canceled, prompting changes to the group’s partnership arrangements.
  • The company faces a December 25, 2026 deadline to satisfy Hong Kong exchange requirements and resume share trading.

Century Entertainment International Holdings is expanding its network of accredited gaming partners in the Philippines to meet the Hong Kong Stock Exchange’s requirements to resume share trading by December 25, 2026. In an October 9 filing, the company disclosed that it had acquired a 5% interest in a company holding a Philippine Amusement and Gaming Corporation (PAGCOR) Gaming System Administrator (GSA) license.

The transaction forms part of its plan to reduce reliance on a single gaming platform or distributor. The company is also working through regulatory and corporate formalities associated with the investment. Its efforts come after its shares were suspended in June 2025 and following a licensing issue involving its strategic partner, World Platinum Technologies (WPT).

Century Entertainment Seeks Multiple Accredited Gaming Platforms

Century Entertainment’s latest investment aims to support its plan to offer electronic casino games through multiple accredited platforms. According to Asia Gaming Brief’s report, the company acquired the 5% interest in September, although the October filing did not identify the license holder or disclose the financial terms. The necessary corporate and regulatory procedures remain outstanding. The company has also expanded the provider network used by its 51%-owned game development venture, Konphil Technology Company Limited. In March, Konphil appointed accredited game content providers after PAGCOR issued a memorandum on March 26. By June, it had appointed two providers, with its games being offered through an accredited GSA.

These arrangements follow a licensing issue involving WPT, Century Entertainment’s strategic partner in the Philippine gaming business. The company said it learned in mid-April that WPT canceled its GSA and game content provider licenses. Century Entertainment said WPT has since continued operating through another accredited GSA. In its September 28 report to Inside Asian Gaming, Century Entertainment said Philippine legal counsel advised it that its existing arrangements remained valid under the country’s gaming laws. The company maintained that Konphil’s Phase IV operations were not affected by the cancellations because it had appointed a separate PAGCOR-accredited game content provider as its exclusive distributor or reseller.

Trading Suspension Remains A Separate Challenge

Expanding its Philippine gaming arrangements is only one part of Century Entertainment’s current position. The company has been working to address the requirements imposed by the Hong Kong Stock Exchange following the suspension of its shares on June 26, 2025. According to Century Entertainment’s annual results filing, the suspension followed concerns raised by its former auditor about the recoverability of receivables and the company’s ability to continue as a going concern after the collapse of its Cambodian business.

The company has since published its financial results and appointed Crowe (HK) CPA Limited as its new auditor. The new auditor issued an unmodified opinion, but included an emphasis-of-matter section highlighting material uncertainties about the company’s ability to continue as a going concern. Century Entertainment said its board remained on track to meet the exchange’s resumption guidance. The outstanding requirements include an independent review of its internal controls and any other conditions that must be met before trading can resume.

The December 25 deadline matters because the exchange’s Listing Division will recommend canceling the company’s listing if it fails to meet the requirements and resume trading by then. Additional Philippine gaming relationships may reduce the company’s dependence on individual providers, but they do not address the separate listing requirements. Century Entertainment must still complete the necessary procedures and satisfy the exchange’s conditions before its shares can resume trading.