TLDR
- Century Entertainment said its Philippine partner, World Platinum Technologies (WPT), told it in mid-April that it had lost two gaming accreditations.
- The company says its Phase IV gaming business can continue through other PAGCOR-accredited providers.
- The annual report clarifies timing that earlier filings did not disclose.
- Annual revenue reached HK$30.3 million, with a net profit of HK$8.6 million after a loss the year before.
- Share trading has been suspended since June 26, 2025, and the company is working to resume it.
Century Entertainment International Holdings said its Philippine gaming business can keep running, even though its local partner lost its gaming accreditations. The Hong Kong-listed company shared the details in its annual report, published on Sept. 25.
The report covers the financial year that ended March 31, 2026. It also answers questions about when the company learned of the problem with its partner.
The partner, World Platinum Technologies Inc., or WPT, told the group in mid-April that two of its accreditations had been canceled. These were its Gaming System Administrator, or GSA, accreditation and its Gaming Content Provider, or GCP, accreditation.
Century Entertainment said the cancellations did not affect its Phase IV operations under Philippine gaming law. The company cited advice from its Philippine legal counsel.
Other Accredited Providers Step In
The company’s 51%-owned joint venture, Konphil Technology Company Limited, had already made changes before the problem surfaced. Before March 26, Konphil appointed a separate PAGCOR-accredited GCP as its exclusive distributor.
That move came ahead of new rules for foreign gaming content providers. PAGCOR is the Philippine state gaming regulator.
In early April, WPT appointed another PAGCOR-accredited GSA. This provider was tasked with offering Konphil’s modified gaming platforms through its own platform.
According to the company, the agreement between WPT and the other GSA remains valid. Century Entertainment said this allows its Phase IV business to continue.
Report Fills Gaps in Earlier Filings
In July, AGB reported that PAGCOR had confirmed the cancellation of WPT’s GSA accreditation in April. At the time, Century Entertainment’s public filings did not say whether or when the company had been told.
A June 25 announcement from the company still described WPT as a PAGCOR-accredited service provider. It also referred to WPT’s licensed platform.
The new annual report now confirms that WPT notified the company in mid-April. It also lays out the arrangements with the other accredited providers.
Century Entertainment reported annual revenue of HK$30.3 million, or US$3.9 million. The company had no revenue in the previous year.
Its online gaming platform business brought in HK$23.7 million, or US$3.0 million. The rest came from sales of camellia oil products.
The company posted a net profit of HK$8.6 million, or US$1.1 million. That compares with a net loss of HK$45.7 million, or US$5.9 million, a year earlier.
The profit was also helped by a net reversal of impairment losses on receivables and deposits.
After its financial year ended, the company recorded unaudited Phase IV revenue of HK$53.9 million, or US$6.9 million, from April to June 2026.
The Philippine venture is part of the company’s restructuring. Century Entertainment is also working to resume share trading, which has been suspended since June 26, 2025.
To resume trading, the exchange requires the company to publish outstanding results and resolve audit modifications. It must also complete an independent review of internal controls.
