Hong Kong-listed Century Entertainment International Holdings Ltd has insisted it remains compliant under Philippine gaming regulator PAGCOR’s new regulatory framework for the igaming sector, despite its local strategic partner having recently lost its license.
The update formed part of Century Entertainment’s long-awaited results release for the financial year ended 31 March 2026, in which it provided a detailed summary of its transition from an operator of land-based gaming tables in Cambodia to an online platform provider in the Philippines. The company officially ceased all table game operations in April 2025.
It was mid-2025 when Century Entertainment and World Platinum Technologies Inc (WPT) announced the launch of a joint venture business in the Philippines – of which Century Entertainment holds a 51% stake – with the purpose of developing and distributing WPT’s gaming system platforms and related content in the Asia-Pacific region. That 51% stake is now held by a Hong Kong-registered subsidiary called Konphil.
In June of this year, Century Entertainment said it had launched a new online gaming platform at seven gaming venues across the Philippines under the latest phase of the joint venture, however PAGCOR soon after contacted Inside Asian Gaming to inform that WPT was no longer an accredited Gaming System Administrator (GSA) of PAGCOR because its GSA accreditation had been cancelled in April.
Addressing the matter for the first time on Friday, Century Entertainment said it had obtained legal advice suggesting it was still able to operate legally in the Philippines because the Konphil had inked an agreement with another PAGCOR-accredited Gaming Content Provider (GCP) as its exclusive distributor or reseller. Likewise, the company claims WPT has also maintained normal operations through its own agreement with another PAGCOR-accredited GSA.
“The Group has consulted its Philippines legal counsel in relation to the above matters,” Century Entertainment said. “The Group’s Philippines legal counsel has concluded that the agreement between the Strategic Partner and the other PAGCOR-accredited GSA is valid; and given that Konphil has appointed a separate PAGCOR-accredited GCP as its exclusive distributor in accordance with the requirements of the 2026 PAGCOR Amendment, the Group’s Phase 4 operations are not affected as a matter of Philippines gaming law.”
Century Entertainment describes Phase 3 as its operational launch and Phase 4 as “extended testing and commercial breakthrough.”
The Group’s Phase 4 operations have, it explained, continued to be conducted through the relevant PAGCOR-accredited arrangements with its new GCP.
“Based on the advice referred to above, the Directors consider that the cancellation of the Strategic Partner’s GSA and GCP licences does not, as a matter of Philippines gaming law, affect the Group’s Phase 4 operations,” it continued. “The Board will continue to monitor the situation.”
In its FY26 results release, Century Entertainment said it had generated HK$23.7 million through this new Philippine online platform business for the year ended 31 March 2026 and that revenue from April to June 2026 had grown rapidly to HK$53.9 million.
The company reported FY26 revenue of HK$30.3 million with a profit of HK$8.6 million. The publication of its financial results represents a key step in its bid to have the suspension of trading lifted – a suspension first imposed in mid-2025 after its auditor issued a disclaimer of opinion around the recoverability of receivables and the company’s ability to continue as a going concern following the collapse of the Cambodia business.
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