Century Entertainment Returns to Profit in H1 2025
Century Entertainment International Holdings has forecast a sharp turnaround in its financial performance, expecting to post a profit of at least HK$25 million (US$3.21 million) for the six months ending September 30, 2025—marking a major reversal from the HK$11.4 million (US$1.47 million) loss recorded a year earlier.
The company attributed this positive swing to several decisive developments, most notably the impact of two newly formed subsidiaries. One of these operations, based in Manila, focuses on online gaming platform development and distribution under a joint venture with World Platinum Technologies Inc. The Manila business gained noticeable momentum in Q3, contributing roughly HK$5 million (US$643,000) in revenue.
A substantial boost also came from the settlement of longstanding credit owed by former chairman and CEO Ng Man Sun. Finalized in early July, the agreement allowed Century Entertainment to reverse an expected HK$30 million (US$3.86 million) impairment provision, which is now recognized as a one-off income item.
Additionally, the company recorded about HK$1.1 million (US$141,400) in gains following the write-down of assets tied to its discontinued VIP gaming operations in Cambodia. The business was formally wound down in April 2025, enabling derecognition of related lease liabilities and equipment.
Despite withdrawing from Cambodia’s VIP sector, Century Entertainment signaled its continued interest in land-based gaming. In July, the group signed a non-binding letter of intent with a casino operator in Vietnam to explore future development opportunities. Management says potential Vietnam entry, paired with the growth of its online platform arm, could create operational synergies and expand its footprint across Asia-Pacific. The company also plans to license its gaming technology to outside operators.
Shares of Century Entertainment remain suspended on the Hong Kong Stock Exchange as the firm works through outstanding regulatory and audit issues. Full interim results for the April–September 2025 period are scheduled for release later this month.
The anticipated return to profitability illustrates the company’s attempt to reposition itself through digital expansion, regional diversification and the cleanup of historical liabilities factors executives believe will strengthen its trajectory in the coming years.
