Trading-suspended Hong Kong-listed gaming and entertainment firm Century Entertainment International Holdings said it is continuing preparations for its ‘Phase IV‘ online entertainment platform while strengthening anti-money laundering and compliance systems as part of its digital business strategy.
In a quarterly update published on May 11th, the company said the platform remains its ‘core digital business segment,‘ with work underway on platform construction, system optimization and function testing. The latest initiative appears to build on Century Entertainment’s previously announced move into mobile gaming applications through its partnership with Philippine-based World Platinum Technologies (WPT).
Earlier this year, Century Entertainment disclosed plans to develop up to 10 mobile gaming applications through a joint venture with WPT, under which the Philippine partner would provide online platform infrastructure, gaming content, KYC and AML systems, and technical support.
Century Entertainment said it has enhanced its Anti-Money Laundering (AML) and Know Your Customer (KYC) systems in response to ‘stricter global regulation and higher cross-border compliance requirements.‘ Measures introduced include strengthened user identity verification, fund flow monitoring, risk classification and abnormal transaction alert mechanisms, alongside improvements to system security, data protection and internal controls.
The company said compliance optimization would help strengthen ‘risk resilience,‘ protect shareholder interests and support future cross-border expansion plans. It added that a dedicated online project team consisting of technical, operational and compliance personnel had been established to oversee the platform’s development and AML implementation.
Century Entertainment also disclosed plans to expand overseas, particularly in Vietnam and South Korea, following the appointment of its new chairman. According to the filing, the chairman possesses ‘industry resources and regional network advantages‘ in both markets. The company said it would ‘moderately explore local offline entertainment cooperation opportunities‘ under ‘legal and compliant principles.‘
A dedicated overseas business team has been formed to conduct market research, resource coordination and compliance assessments related to the Vietnam and South Korea initiatives, the company added.
The company said it would maintain a ‘dual-track‘ strategy focused on online digital entertainment and overseas business development while continuing to prioritize compliance and risk management.
Trading in Century Entertainment shares on the Hong Kong Stock Exchange has been suspended since June 26th, 2025.
