Century Entertainment has restructured its joint venture with Philippines-based Electronic Gaming System Service Provider World Platinum Technologies (WPT), replacing a previously planned equity issuance with a fixed annual licensing fee of $500,000 as it refines its technology-led gaming strategy.
The Hong Kong-listed company said the revised arrangement replaces an earlier structure under which shares would have been issued to its partner in exchange for platform rights. Instead, the JV will now operate under a straightforward licensing model, with Century retaining control of its capital structure while securing access to WPT’s platform infrastructure.
The JV, which is 51 percent owned by Century Entertainment, remains focused on the development, customization and distribution of gaming platforms across Asia-Pacific, with the Philippines now confirmed as its core initial market. Under the model, WPT provides the underlying technology stack, including servers, RNG systems and regulatory frameworks aligned with requirements of the Philippine Amusement and Gaming Corporation (PAGCOR), while the JV delivers front-end development, customization and ongoing technical support.
Century emphasized that the JV operates strictly as a B2B technology provider and does not engage in gaming operations, handle player funds or interact directly with end users. The shift to a fixed licensing fee marks a broader move toward a more predictable revenue and cost structure. The company said the change does not impact day-to-day operations, with the JV continuing to generate income through service fees and revenue-sharing arrangements linked to platform performance.
In its next phase of development, however, the model evolves further, with the JV set to take on a more central economic role. Under the updated structure, it will receive 100 percent of net gaming winnings, paying 15 percent to WPT as a runner’s fee for platform hosting, infrastructure and compliance services.
This effectively positions the JV as the “house” in economic terms, assuming exposure to game outcomes, while WPT retains responsibility for regulatory compliance as a PAGCOR-accredited gaming system administrator. The company clarified that the runner’s fee is calculated as 15 percent of net winnings, defined as gross gaming revenue less mandatory costs such as taxes and platform fees, addressing earlier questions around fee calculations.
Century also reiterated that the JV does not require a gaming license, citing legal opinions confirming that its activities fall outside PAGCOR’s regulatory scope as it provides backend technology and support services rather than operating games. To support compliance, the platform incorporates geo-blocking, IP monitoring and payment verification measures to ensure access is restricted to players within the Philippines, alongside standard KYC and AML controls.
Despite the operational updates, trading in Century Entertainment’s shares remains suspended, with the company continuing to work toward meeting resumption requirements.
