Sunday, October 13, 2024

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Paradise Entertainment swings to profit in 1H24, as GGR booms

Casino management services and electronic gaming equipment company Paradise Entertainment has announced a profit of HK$119.4 million for the first six months of the year, reversing a loss of HK$3 million for 1H23.

Macau ops boost Paradise Entertainment to positive profit of $15.3M in 1H24

Casino management services and electronic gaming equipment company Paradise Entertainment, has announced a positive profit alert for the six month period ended June 30th, 2024, expecting profit of some HK$119.4 million ($15.32 million).

Paradise Entertainment sees revenues rise 113% in 2023, eyes Southeast Asia market in 2024

Casino management services and electronic gaming equipment company Paradise Entertainment, reported significant improvements in Adjusted EBITDA across its key segments last year, and aimed...

Paradise Entertainment sees loss in 1H23 despite EBITDA returning to black

Paradise Entertainment has recorded a loss of HK$3 million for the first six months of the year, despite EBITDA turning positive.

Paradise Entertainment to venture into e-charging station business in mainland China

Electronic gaming equipment and casino management services company Paradise Entertainment has announced that it’s planning to venture into the electricity business, by supplying ‘smart charging stations and smart charging equipment for electric motorcycles, bicycles and vehicles, […] to customers in mainland China’.

Zhang Jianjun takes on Co-Chairman role in Paradise Entertainment

Electronic table games company Paradise Entertainment has announced that Zhang Jianjun will be joining the company as a Co-Chairman, to jointly share the role with current Chairman Jay Chun.

Paradise Entertainment banking on VIP demise, SJM concession

Macau's new gaming law gives hope to Paradise Entertainment as the demise of VIP prompts demand for EGM. Company's financial future is dependent Kam Pek’s casino ability to run under SJM’s potential concession and looks at North America for expansion.

Paradise Entertainment widens 2Q22 loss three-fold at $12m

With Macau merely contributing 88 percent to the net revenue pie of Paradise Entertainment, the COVID19 impact was felt in the earnings of Paradise Entertainment for the quarter ended on Jun 30 in 2022.

Paradise Entertainment calls out fraudulent website

Paradise Entertainment has issued a press release decrying what it says are fraudulent websites and social media trying to pass themselves off as being related to the company.

Paradise Entertainment extends supply accord with chairman’s relative

Paradise Entertainment said it is extending for a further year an agreement to supply products to a company controlled by its Chairman Jay Chun's brother in law.