Century Entertainment International Holdings Ltd. has formed a joint venture with WPT through the establishment of Konphil Technology Company Limited, a non-wholly-owned subsidiary incorporated in Hong Kong. Under the joint venture agreement, Century Entertainment will issue new shares to WPT in exchange for a licence to use, distribute, and sub-licence an Online Games Platform. The detailed terms of the licence are set out in a licensing agreement between the joint venture company and WPT.
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