Century Entertainment has announced that its joint venture company has entered into a non-binding memorandum of understanding with WPT, setting out intentions to collaborate on the development, operation and monetisation of a suite of mobile applications. The MOU was signed on 8 January 2026 after market hours.
According to the company, the JV Company plans to use WPT’s online platform and technology infrastructure to support the creation of ten mobile applications. Under the intended structure, the JV Company would handle player acquisition, marketing, business development and application development, while WPT would provide its proprietary content, player onboarding, customer service, operational support and regular performance reporting.
The MOU states that WPT would be entitled to 15% of the net gaming profit generated by the applications, settled monthly, once a definitive leasing and operating agreement is executed. The document is not legally binding other than its confidentiality and governing law provisions. The company noted that the proposed cooperation remains subject to further negotiation.
Century Entertainment said the MOU aligns with its strategy to expand within the digital gaming and technology-driven entertainment space. The Board believes the arrangement would complement existing joint venture and licensing agreements with WPT and provide a framework for broader commercial opportunities.
As the MOU is non-binding and no final agreement has been signed, the company said the proposed transaction does not constitute a notifiable deal under Chapter 14 of the Listing Rules. Further announcements will be issued if a definitive agreement is reached or if material developments occur.
The company reminded shareholders that the cooperation described in the MOU may or may not proceed and advised caution when dealing in its shares.
Trading in Century Entertainment shares has been suspended since June 2025
