{"id":777040181,"date":"2026-04-07T12:46:23","date_gmt":"2026-04-07T15:46:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777040181"},"modified":"2026-04-21T12:46:48","modified_gmt":"2026-04-21T15:46:48","slug":"century-entertainment-revises-joint-venture-terms-with-wpt-linked-partner","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-revises-joint-venture-terms-with-wpt-linked-partner","title":{"rendered":"Century Entertainment revises joint venture terms with WPT-linked partner"},"content":{"rendered":"\n<p>Century holds a 51 per cent majority stake in the JV, while its partner retains 49 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- Hong Kong-listed <strong>Century Entertainment International Holdings<\/strong> has announced a change in its joint venture structure with\u00a0<strong>World Platinum Technologies<\/strong>. It will shift from an equity-based deal to a fixed fee-based structure.<\/p>\n\n\n\n<p>The joint venture, Konphil Technology was created last year, with  Century holding a 51 per cent majority stake. Initially, the collaboration was built around a revenue-sharing structure, with WPT entitled to 15 per cent of gross gaming revenue generated from the planned portfolio of mobile gaming applications.<\/p>\n\n\n\n<p>Century will now pay an annual licensing fee of <strong>$500,000<\/strong> to use the  platform, which includes back-end systems such as servers, RNG technology and compliance tools. The Philippines will now serve as the first deployment market for the JV whereas it was previously not included in the planned roll out.<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2020\/12\/Paradise-Co.-reports-58-fall-in-revenue-in-Nov.-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/paradise-co-adopts-co-ceo-structure-following-governance-overhaul'>Paradise Co returns to co-CEO structure<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Century holds a 51 per cent majority stake in the JV, while its partner retains 49 per cent.<\/p>\n","protected":false},"author":2395,"featured_media":777037207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Century Entertainment International Holdings has restructured its Konphil Technology joint venture with World Platinum Technologies, transitioning from an equity-based, GGR-sharing model to a fixed annual licensing fee of $500,000 for platform usage. This strategic shift impacts the financial mechanics of the partnership, with the Philippines now designated as the initial deployment market for their mobile gaming applications.","focusai_entities":"Century Entertainment International Holdings, World Platinum Technologies, Konphil Technology","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.85), operator_casino (0.8), product_ux (0.7), tech_data (0.85), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.9)","focusai_suggestions":[{"label":"JV Financial Impact","query":"What are the projected financial implications for Century Entertainment International Holdings' GGR and NGR, considering the transition from a 15% revenue-share model to a fixed annual licensing fee of $500,000?"},{"label":"Regulatory Strategy Philippines","query":"How does the inclusion of 'compliance tools' within the World Platinum Technologies platform specifically address the regulatory compliance requirements for mobile gaming application deployment in the Philippines?"}],"footnotes":""},"categories":[157,16338],"tags":[23768],"class_list":["post-777040181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-century-entertainment-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777040181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777040181"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777040181\/revisions"}],"predecessor-version":[{"id":777040189,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777040181\/revisions\/777040189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777037207"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777040181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777040181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777040181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}