Century Entertainment International Holdings Ltd has described a “remarkable turnaround” in its financial performance for the six months to 30 September 2025 after reporting its first revenue in years and reversing the HK$11.4 million (US$1.5 million) net loss it recorded a year earlier.
The Hong Kong-listed gaming investor has credited its HK$5.76 million (US$739,855) in revenue generated to the launch of two new business lines following the collapse of a deal to operate gaming tables in Cambodia – namely an online gaming platform business in the Philippines and a camellia oil business in China. The online gaming business drove HK$5.1 million (US$655,000) in revenue for the period following its recent launch.
As reported by IAG, the new Philippines business has been established in partnership with locally-based World Platinum Technologies Inc (WPT) with the goal of conducting research, development, marketing and sales of WPT’s gaming system platforms and related content in the Asia-Pacific region.
In a Friday filing, Century Entertainment explained that the business line was “highly profitable at the gross level, contributing to the Group’s overall gross profit of approximately HK$4.1 million (US$526,630) . The online gaming platform business operated at a high gross margin of approximately 80.7% during the period under review.”
Group-wide profit of HK$26.4 (US$3.4 million) million during 1H26 was also aided by a settlement agreement with former major shareholder Ng Man Sun that fully settle payables, a loan,and a convertible bond owed to him, resulting in a one-off gain of around HK$3 million (US$385,340) , while the company also benefited from the reversal of a previously recognized HK$30.2 million (US$3.9 million) impairment loss in relation to the settlement.
Separately, Century Entertainment has recently announced the signing of a non-binding letter of intent with a casino operator in Vietnam to explore the possibility of expanding the group’s gaming operations, “demonstrating a parallel effort to revitalize the Group’s core gaming activities following the termination of the Group’s VIP room operations in Cambodia.”
Reflecting on the past six months, the company said its efforts to revitalize the group’s financial strength have yielded “significant results” in the short-term but noted it would still require support from its new primary owner, Ho Tsz Ying.
“The strategic initiation of the online gaming business and the camellia oil trading business has successfully generated revenue,” it stated. “ The lucrative settlement with Mr Ng provided an exceptional boost to the Group’s profitability.
“However, it is crucial to note that a substantial portion of the reported profit is non-recurring in nature, representing the gains on offsetting of assets and liabilities of approximately HK$3.0 million and reversal of impairment loss for other receivables of approximately HK$30.2 million.
“The Group’s ongoing challenge remains its underlying financial structure, as evidenced by its positions of net current liabilities and net liabilities. The going concern assessment is dependent on continued financial support from a major shareholder and the successful scaling of the new business lines.
“During the Period under Review, the Group transformed a net loss of approximately HK$11.4 million in the Corresponding Prior Period into a net profit of approximately HK$26.4 million. This was achieved through a combination of promising new operational revenue, particularly from the online gaming business, and decisive action to resolve legacy financial issues through a one-off settlement and associated reversal of impairment loss for other receivables.
“The Board is optimistic that the two new business lines will continue to record meaningful revenue, providing a more sustainable foundation for the Group’s future.”
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‘ Some details of this article were extracted from the following source asgam.com ’
