Century Entertainment International (00959) Joint Venture Signs MOU with WPT for Mobile App Development and Commercialization

Stock News
Jan 08

On January 8, 2026, a joint venture company entered into a non-binding memorandum of understanding (MOU) with WPT, expressing the parties' intent to finalize a definitive leasing and operating agreement for the development, operation, and commercialization of mobile applications. Pursuant to the MOU, the joint venture plans to utilize WPT's online platform and technical solutions to develop, operate, and commercialize ten categories of mobile applications. The joint venture will be responsible for player recruitment, marketing, business development, and the development and customization of the relevant applications, while WPT will provide access to its proprietary content and platform, perform know-your-customer and anti-money laundering checks, offer player tutorials, customer service support, operational and technical assistance, and submit regular data and performance reports. Subject to the execution of a final agreement, WPT is expected to be entitled to 15% of the net gaming profit generated by the mobile applications, with settlements to be made on a monthly basis. The MOU establishes a framework for collaboration between the joint venture and WPT, whereby the parties will leverage WPT's online platform, proprietary content, and technical infrastructure to jointly develop, operate, and commercialize mobile applications beyond the scope of existing arrangements. The joint venture anticipates leveraging WPT's experience and operational support while focusing its own efforts on application development, marketing, and player recruitment. The Board of Directors believes that the MOU aligns with the Group's business strategy of expanding its footprint in the digital gaming and technology-driven entertainment sectors and complements the existing joint venture and licensing arrangements with WPT.

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