Key Moments:
- Century Entertainment International Holdings expects at least HK$25 million (US$3.21 million) profit for the six months ending September 30, 2025
- Philippines joint venture generated HK$5 million (US$643,000) in Q3 revenue
- Closure of Cambodian VIP table games led to a net gain of HK$1.1 million (US$141,400)
Profit Turnaround Driven by Multiple Initiatives
Century Entertainment International Holdings, listed in Hong Kong, has announced an expected profit of no less than HK$25 million (US$3.21 million) for the six months up to September 30, 2025, marking a substantial turnaround from the HK$11.4 million (US$1.47 million) loss reported for the same period last year.
This shift into profitability is attributed to three key drivers. Two newly established subsidiaries played a significant role, particularly the Manila-based operation specializing in online gaming technology and distribution under a joint venture with World Platinum Technologies Inc. The joint venture generated approximately HK$5 million (US$643,000) in revenue for the third quarter alone, signaling promising momentum in the region.
One-Off Gains and Asset Adjustments
Another contributor to the positive result was Century Entertainment’s recovery of outstanding credit from former controlling shareholder and ex-CEO Ng Man Sun. This settlement, completed at the start of July, allowed the company to reverse an anticipated HK$30 million (US$3.86 million) credit loss as a one-off item of other income.
In addition, following the termination of its VIP table games business in Cambodia in April 2025, the company benefited from a write-down of associated assets. The derecognition of related lease liabilities and assets resulted in a one-time net gain of approximately HK$1.1 million (US$141,400), providing a further lift to the bottom line.
Strategic Regional Expansion and Compliance Status
Despite the end of all VIP operations in Cambodia, Century Entertainment continues to pursue opportunities in land-based gaming development. In July, the company entered a non-binding letter of intent with a casino operator in Vietnam, outlining plans for further expansion in Southeast Asia.
Both the online gaming platform and the expansion into Vietnam are viewed as synergistic business areas, designed to support operational efficiencies and broaden the company’s market footprint. Plans are also underway to license Century Entertainment’s gaming platforms to third-party operators, with the goal of growing in the Asia-Pacific market.
Share trading for Century Entertainment on the Hong Kong Stock Exchange remains suspended pending the resolution of compliance and audit matters.
Upcoming Results Announcement
The company has stated it will release its interim results for the April to September 2025 period later this month.
Summary Table: Key Financial and Strategic Developments
| Event | Impact | Financial Figure |
|---|---|---|
| Expected Net Profit (Six Months Ending Sep 2025) | Profit turnaround | HK$25 million (US$3.21 million) |
| Philippines Joint Venture Q3 Revenue | Online gaming growth | HK$5 million (US$643,000) |
| Credit Write-Back from Former CEO | One-off income recovery | HK$30 million (US$3.86 million) |
| Cambodian Asset Derecognition Gain | Asset-related net gain | HK$1.1 million (US$141,400) |
| Vietnam Expansion LOI | Strategic regional initiative | Not disclosed |
| Trading Status | Shares suspended | Pending compliance resolution |
Outlook
Century Entertainment’s shift to profitability, amid significant industry and regulatory challenges, underscores the benefits of strategic diversification and a focus on regional growth. Investments in gaming technology and the expansion into new Asian markets have established a foundation that may drive continued financial improvements.
- Author
Daniel Williams
