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Century Entertainment International Holdings Limited ( (HK:0959) ) has issued an update.
Century Entertainment International Holdings’ joint venture company has signed a non-binding memorandum of understanding with WPT to pursue a definitive leasing and operating agreement for the development, operation and monetisation of ten mobile gaming applications using WPT’s online platform and proprietary content. Under the proposed structure, Century’s JV would handle application development, marketing, player acquisition and business development, while WPT would provide its platform, content, compliance checks, customer support and technical services in exchange for 15% of net gaming profits, positioning the group to deepen its digital gaming footprint despite the non-binding nature of the MOU and the ongoing suspension of trading in its shares.
The most recent analyst rating on (HK:0959) stock is a Hold with a HK$0.70 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, incorporated in Bermuda and listed in Hong Kong, operates in the digital gaming and technology-driven entertainment sector. Through joint ventures and licensing arrangements, it focuses on developing and monetising gaming-related applications and online entertainment platforms, with a strategy to expand its presence in digital gaming markets.
Technical Sentiment Signal: Buy
Current Market Cap: HK$92.34M
For a thorough assessment of 0959 stock, go to TipRanks’ Stock Analysis page.