Century Entertainment International Holdings Ltd. has entered into a strategic joint venture agreement with Philippines-based World Platinum Technologies Inc. (WPT) to develop, market, and distribute WPT’s PAGCOR‑licensed gaming platforms and content across the Asia‑Pacific region. The new venture, Konphil Technology Company Limited, incorporated in Hong Kong on June 26, 2025, will have Century holding a 51% majority stake, while WPT will take an initial 49%—a share that may rise to around 16.66% if revenue milestones are met.

Strategic partnership with World Platinum Technologies aims to capture APAC’s booming gaming systems market

According to the announcement, “The Company considers that there will be growth potential in gaming platforms and contents in Asia‑Pacific countries,” highlighting the strategic rationale behind the partnership. Century added: “Leveraging on the long involvement of the Group in gaming business in Southeast Asia and experience and technical know‑how of WPT, the joint venture company will allow the company to have an opportunity to diversify into gaming business in other Asia‑Pacific countries”. The firm expressed optimism: “The Company is optimistic as to the prospect of the joint venture company”.

The JV will be treated as a non–wholly‑owned subsidiary, consolidated into Century’s financial statements, and governed by a five‑member board—three of whom will be appointed by Century. This marks a significant pivot for Century, aiming to expand beyond its existing VIP casino operations in Cambodia and Vanuatu into digital gaming ecosystems throughout the region.

The venture follows a June Memorandum of Understanding between Century and a PAGCOR‑licensed provider, and coincides with recent leadership changes at Century, including the departure of its Chairman and CEO, Ng Man Sun. With WPT’s proprietary platform, Century now seeks to harness Asia‑Pacific’s burgeoning appetite for gaming content and systems, leveraging its regional footprint and technical collaboration to capture new market segments.

Notably, Century Entertainment was formerly known as Amax International Holdings, which under Ng’s leadership – and thanks to his close ties with the late Dr Stanley Ho – was a significant player in Macau’s lucrative junket industry. At its peak, Amax held nearly a 25% stake in the Greek Mythology casino, an asset it ultimately wrote off in 2019, some four years after Macau’s DICJ ordered its closure.

In summary, this joint venture marks a strategic shift for Century Entertainment—transitioning from traditional gambling operations into platform and content-driven gaming in APAC—underpinned by regulatory access, regional diversification, and aligned incentives.