Hong Kong-listed Century Entertainment International Holdings Ltd says it has signed a “non-binding letter of intent” with a casino operator in Vietnam to “explore the possibility of expanding the group’s gaming operations” to that country.
The agreement demonstrates “a parallel effort to revitalise the group’s core gaming activities following the termination of the group’s VIP room operations in Cambodia,” stated the company in a Monday filing.
The Hong Kong-listed company started in October last year operations at two VIP rooms – under a three-year contract – in a casino at Dara Sakor, Koh Kong province, in Cambodia.
In July, Century Entertainment said it had finalised an agreement to establish a joint venture to further develop an “existing gaming system platform and content development” business in the Philippines.
The partner in the joint venture is World Platinum Technologies Inc (WPT), a company incorporated in the Philippines and licensed by the nation’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), as a “gaming system service and gaming content provider,” according to previous information.
In Monday’s announcement, the Hong Kong-listed firm said it “continues to leverage its technical team and existing client relationships in Asia, and, through the joint venture company, to market and distribute gaming system platforms and related content across the Asia Pacific region”.
The group said the joint venture recorded unaudited revenue of about HKD800,000 (US$102,913), HKD1,000,000 and HKD3,268,000 for July, August and September 2025, respectively.
“The directors are of the view that the two business lines are complementary in nature,” noted Century Entertainment.
The firm added: “The gaming platform may potentially be offered to other third-party operators, including the group’s own proposed Vietnam operation, which would in turn create mutual operational and marketing synergies.”
At the request of the company, trading in the shares of Century Entertainment on the Hong Kong bourse has been suspended since June 26 and will “remain suspended until further notice”.
“Since the suspension of trading in the shares on 26 June 2025 and up to the date of this announcement, the business operations of the group have been operating as usual in all material respects,” stated the company in Monday’s filing.
