Century Entertainment International Holdings Ltd has announced the formation of a joint venture with Philippines-based World Platinum Technologies Inc (WPT) with the goal of conducting research, development, marketing and sales of WPT’s gaming system platforms and related content in the Asia-Pacific region.
According to publicly available information, the joint venture company – called Konphil Technology Company Limited – was incorporated in Hong Kong on 26 June 2025.
Under the terms of the joint venture agreement, signed on 9 July, the initial capital contribution and equity interest of the companies will be 51% for Century Entertainment and 49% for WPT.
However, the actual shareholding breakdown will look very different with WPT to be immediately issued 12,824,756 new shares, representing 10% of existing share capital, and another 12,824,756 new shares within 15 months assuming the joint venture achieves certain revenue KPIs.
Upon the allotment and issue of all new shares, WPT would hold 16.66% of joint venture shares and an individual called Ho Tsz Ying – who is known to be a substantial shareholder in Century Entertainment – 23.38%. “Other shareholders” will hold 59.96%.
In outlining the reasons for entering into the joint venture, Century Entertainment said it has been seeking opportunities to increase the return to its shareholders.
“The Company considers that there will be growth potential in gaming platforms and contents in Asia-Pacific countries,” it said.
“Leveraging on the long involvement of the Group in gaming business in Southeast Asia and experience and technical knowhow 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 Company is optimistic as to the prospect of the joint venture company.”
It added that the joint venture company will become a non-wholly owned subsidiary of the company with its financial results to be consolidated into the financial statements of the group.
The formation of the joint venture comes shortly after Century Entertainment announced that its controlling shareholder – long-time Macau junket identity Ng Man Sun – has stepped down as Chairman and CEO.
Century Entertainment was formerly known as Amax International Holdings, which under Ng’s watch – and thanks to his connections to Dr Stanley Ho – was a significant player in Macau’s junket industry. Amax also held a near-25% stake in the Greek Mythology casino which it wrote-off as an asset in 2019, some four years after Macau’s DICJ ordered its closure.
