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Century Entertainment International Holdings Limited ( (HK:0959) ) just unveiled an update.
Century Entertainment International Holdings provided further details on the phased development of its technology-based gaming business, centered on a joint venture with WPT. The JV company, 51% owned by Century Entertainment and 49% by WPT, will drive research, development, marketing and sales of WPT’s gaming system platforms and content in the Asia-Pacific market.
Under the JV Agreement, WPT grants Century Entertainment non-exclusive rights to use, distribute and sublicense its gaming platform technology in exchange for new share issuances tied to performance milestones. The structure aligns WPT’s equity participation with revenue key performance indicators and is intended to accelerate the Group’s transition from a mobile game solution model to a more scalable, platform-based business, although trading in the company’s shares remains suspended.
The most recent analyst rating on (HK:0959) stock is a Hold with a HK$0.72 price target. To see the full list of analyst forecasts on Century Entertainment International Holdings Limited stock, see the HK:0959 Stock Forecast page.
More about Century Entertainment International Holdings Limited
Century Entertainment International Holdings Limited is a Bermuda-incorporated company listed in Hong Kong that is expanding into technology-based gaming. Through a joint venture structure, it focuses on research, development, marketing and sales of proprietary gaming system platforms and related content across the Asia-Pacific region.
Technical Sentiment Signal: Hold
Current Market Cap: HK$92.34M
For an in-depth examination of 0959 stock, go to TipRanks’ Overview page.