Paradise Entertainment

    Website: http://www.hk1180.com/

    Paradise Entertainment Limited (Stock Code: 1180.HK), the shares of which are listed on The Stock Exchange of Hong Kong Limited, is the holding company of a diverse group of companies that engages in casino management, and development, supply and leasing of game machinery and equipment.Paradise Entertainment Limited has been active in the Macau market as a casino service provider and gaming equipment supplier since 2007, and was incorporated as a constituent stock of Morgan Stanley Capital International (MSCI) Hong Kong Index as of 30th May 2014. Paradise Entertainment Limited is currently the sole service provider to 3 stand-alone satellite casino properties and an assigned area within a flagship casino. The company is also a major gaming equipment supplier in Macau and markets abroad.The Group’s gaming businesses are conducted under two flagship subsidiaries, LT (Macau) Limited and LT Game Limited. Our Casino Management business operates under LT (Macau) Limited while our Gaming Equipment Supply business operates under LT Game Limited.

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    Paradise Entertainment records US$14.5 million loss for H1

    Paradise Entertainment Limited has reported an overall HK$111.3 million (US$14.5 million) loss for the first six months of 2020, impacted by the Covid-19 pandemic. Group revenue was down more than 70 percent in the period to HK$177.3 million. Breaking it down by segment, GGR at the Casino Kam Pek Paradise decreased by 58.8 percent year-on-year […]

    Paradise Entertainment withdraws from Waldo, reports 2019 results

    Hong Kong-listed Paradise Entertainment has reported its 2019 annual results, including notice that it has withdrawn from management of the Casino Waldo. As for its decision on the Waldo, the company explained, “Considering the recent requirement to invest further for additional monitoring system and equipment to Casino Waldo to comply with new regulatory requirements which […]

    Paradise appoints VP for North American business development

    Paradise Entertainment has announced the appointment of Kelcey Allison as senior vice-president for operations and business development of an indirect wholly-owned subsidiary in the United States. Allison will be principally responsible for driving business development on slot machines and electronic table gaming machines and equipment, overseeing and leading sales operations primarily in the North American […]

    Paradise Ent reports Q3 results, launches share award scheme

    Hong Kong-listed Paradise Entertainment saw its total revenue in 19Q3 decrease 0.5 percent year-on-year to HK$270.9 million, due mainly to a fall in revenue from casinos under the group’s management.  Reported revenue from casinos under the Group’s management in Q3 was HK$245.2 million, representing a decrease of 9.3 percent from the prior-year period.  However, revenue […]

    Paradise Ent profit falls 9.6% in 19H1

    Paradise Entertainment Limited saw its profits fall 9.6 percent year-on-year to HK$23.8 million (US$3 million) in the first half of 2019, according to a filing from the supplier on Thursday.  Total reported revenue of the group was HK$592 million in the half-year period, rising 5 percent year-on-year. Paradise said this was mainly attributable to an […]

    Paradise Entertainment buys HK$90 million of warehouse space

    Hong Kong-listed Paradise Entertainment, a developer of electronic gaming equipment and systems, has announced the purchase of around 25,000 square feet of warehouse property for a consideration of HK$90 million (US$11.5 million). Up until now, the group, which develops electronic gaming equipment and systems for sale in Macau and the overseas market, as well as […]

    New LT Game slots to be available in June

    Paradise Entertainment chairman Jay Chun says he expects his latest line of slot machines, developed through its subsidiary LT Game, to be available at the latest in June, MNA reports. The group’s first self-developed slot machines were recently approved by the Gaming Inspection and Coordination Bureau (DICJ). In an interview with MNA, Mr. Chun noted […]

    Paradise Q1 revenue, EBITDA drops as machine sales decline

    Paradise Entertainment reported a 6.3 percent drop in Q1 revenue, as sales from electronic gaming equipment and systems declined.

    Paradise Ent swings to profit in 18H1

    Paradise Entertainment Limited swung to a profit of HK$26.3 million (US$3.4 million) in 18H1, due mainly to a boost in revenue. Said revenue was HK$563.9 million in 18H1, up 15.2 percent year-on-year, while adjusted EBITDA for the six months was HK$59.7 million, up from HK$0.9 million recorded in the prior-year period. Paradise said this was […]

    Paradise and Interblock reach licensing accord

    Paradise Entertainment said it has granted a license to Interblock, a supplier of luxury electronic gaming products, for the rights to “certain intellectual property” of non-live multi games in Macau.

    Paradise expects to swing to H1 profit

    Paradise Entertainment, of provider of electronic gaming equipment, said it expects to swing to a profit for the first half of this year, powered mainly by strong sales of equipment and systems.

    Paradise buys warehouse properties for HK$128.5m

    Paradise Entertainment said one of its units has agreed to buy warehouse space in Macau for HK$128.5 million ($16.4 million) to reduce rental costs.

    Paradise Entertainment revenue rises, boosted by gaming systems

    Paradise Entertainment posted a 31.1 percent gain in Q1 profit, boosted mainly by surging revenue from its electronic gaming division.

    Paradise Entertainment reported narrowed loss in 2017

    Macau gaming equipment supplier Paradise Entertainment reported a narrowed loss of HK$30.7 million (US$3.9 million) in 2017, down from a loss of HK$380.4 million the year before. The difference in loss was due to an absence of a one-off cash loss of HK$334.8 million which was recorded in 2016 in relation to the assignment and […]

    LT Game inks agency agreement with PRC company

    LT Game Limited, a subsidiary of Paradise Entertainment Limited, has secured an agency agreement with a Chinese company for the research and development of gaming equipment, according to a recent company filing. The agreement was entered into as of February 12, 2018  – which allows the independent party “Shanghai Libiao” to research, develop and produce […]

    Paradise welcomes Macau ETG rules

    Paradise Entertainment has welcomed new technical standards published by the Macau market regulator for the operation of dealer operated electronic table games. The new standards came into force from Jan 1 and provide a grace period for existing terminals to be upgraded to comply with the new rules. Any failing to comply after the grace […]

    Paradise Entertainment posts 17Q3 EBITDA decrease

    Macau gaming equipment supplier Paradise Entertainment saw a year-on-year decline in adjusted EBITDA for the third quarter of 2017, down 46.3 percent to HK$46.1 million (US$5.9 million), according to a filing from the company on the Hong Kong Stock Exchange. Total reported revenue for the group in 17Q3 was HK$267.3 million, representing a 24.1 percent […]

    Paradise Ent 17H1 loss narrows, but revenue falls

    Paradise Entertainment Ltd recorded a loss of HK$35.3 million (US$4.5 million) for the six months ended June 30, 2017, compared to a loss of HK$410.5 million recorded in the prior year period. Paradise said the improvement was mainly due to the fact a loss from last year was not repeated. The company reported a loss […]

    Paradise Ent mulls acquisition of Hotel Lan Kwai Fong

    Hong Kong-listed Paradise Entertainment Ltd. has entered into a letter of intent for the proposed acquisition of two wholly-owned subsidiaries of China Star Entertainment Ltd. The subsidiaries, Most Famous Enterprises Ltd. and Charming Era Investment Ltd. are the owners and operators of Hotel Lan Kwai Fong in Macau as well as residential units which are […]

    Paradise Entertainment posts 17Q1 EBITDA loss

    Paradise Entertainment swung to an adjusted EBITDA loss in Q1, as revenue from both its casino services business and its electronic gaming machine division declined. In a filing with the Hong Kong Stock Exchange, the company reported revenue of $235.3 million ($30.2 million), down 9.8 percent. Adjusted EBITDA was a loss of $10.1 million, compared […]

    Paradise Ent posts $45.7 million loss in 2016

    Paradise Entertainment says it has seen positive growth in the U.S. from its strategic accord with IGT, which it says will help it expand in overseas markets. The Macau-based supplier made the comments in its annual results announcement, in which it said its net loss ballooned to HK$355.1 million (US$45.7 million) for the year ended […]

    20-strong Macau and PRC delegation visits ICE

    ICE will host the largest delegation of senior gaming officials from Macau and the People’s Republic of China. The 20 strong, government funded delegation, led by Jay Chun, chairman of Paradise Entertainment, LT Game and the Asian trade body, MGEMA, will be at ICE to explore advances in AI and VR and how they impact […]

    Paradise Entertainment announces new CFO

    Paradise Entertainment Ltd has announced the resignation of Ms Stella Ho, its chief financial officer and company secretary. According to a company filing on Monday, Ms Ho’s resignation takes effect from February 6, 2017 “due to personal reasons”. Mr Chan Kin Man has been appointed in her place.

    Paradise Entertainment diversifies into VR

    Paradise Entertainment Ltd. has announced that it will participate in the first edition of the International Film Festival & Awards Macau from December 9-11 this year, debuting the world’s first immersive media production- a television series and Virtual Reality 360 narrative. In partnership with LENS Immersive, Pioneer AR/VR Studio and The Pulse VR the narrative, […]

    Paradise warns of substantial loss for full year 2016

    Paradise Entertainment, supplier of electronic gaming machines, says it expects to record a “substantial loss” for the year ending December 31, 2016, according to its filing to the Hong Kong Stock Exchange. “The expected loss …is mainly attributable to the preliminary estimated loss relating to grant of exclusive right to make, market and distribute electronic […]

    LT Game adds EZ Baccarat: MGM Macau to trial

    Paradise Entertainment Limited has announced that its subsidiary LT Game Ltd., is offering EZ Baccarat on its Live Multi-Game systems; and MGM Macau has agreed to be the first casino to trial the electronic EZ Baccarat game on over 100 of its LT terminals in the next year. In April 2015, LT Game signed a […]

    Virtual horse racing

    LT Game, a subsidiary of Paradise Entertainment Limited, will exhibit a variety of its products at  stand AP19 at MGS. Visitors will be able to learn how the company’s latest innovations will benefit casino operators in further improving game efficiency and provide casino patrons a revolutionary gaming experience. The key highlights on LT Game’s booth […]

    Paradise Entertainment to showcase new products at MGS 2016

    LT Game, a subsidiary of Paradise Entertainment Limited, will exhibit a variety of its products during the Macao Gaming Show at Booth #AP19. Visitors will be able to learn how the company’s latest innovations will benefit casino operators in further improving game efficiency and provide casino patrons with a revolutionary gaming experience. The key highlights […]

    Mocha Club founder invests in Paradise

    Mocha Club founder Chang Wang is investing in Macau’s Paradise Entertainment through the purchase of warrants carrying the rights to subscribe for shares. The net proceeds from the subscription of warrants are about HK$1.5 million, Paradise said in a filing with the Hong Kong Stock Exchange. However, if the rights are exercised in full, the […]

    Paradise Entertainment reports half-year loss as a result of IGT patent deal

    Gaming services provider Paradise Entertainment Limited says it saw a vastly widened loss of HK$416.8 million ($53.7 million) for the first half of 2016, compared to a net loss of HK$23.9 million in the first half of 2015. The losses are attributed to a one-off loss on its patents and patent applications deal with IGT, […]

    No court decision made in favor of Scientific Games

    Paradise Entertainment Limited has clarified that no decision has yet been granted by the Macau Courts in favor of Scientific Games Corp regarding the right to sell any electronic table game in the Macau market, according to a recent press release. “In fact, such a legal dispute, involving Mr. Jay Chun, Natural Noble Limited and […]

    SHFL withdraws claim against Paradise

    SHFL Entertainment (Asia) has withdrawn a claim in Macau’s court of First Instance against Paradise Entertainment Group and its Chairman Jay Chun over alleged patent infringement. As a result, the case was dismissed on May 3, Paradise said in a Hong Kong Stock Exchange filing. SHFL had claimed abuse of intellectual property rights relating to […]

    IGT to acquire all of Paradise Entertainment ETG technology

    New-York listed International Game Technology PLC has announced it has signed an agreement to acquire all of Paradise Entertainment Limited’s electronic table game technology, patents and intellectual property. Under the agreement, Paradise will transfer all of its electronic table game technology, patents and other intellectual property to IGT, “with certain exceptions for Table Game IP […]

    Paradise Entertainment swings to 2015 loss as GGR falls, costs rise

    Hong Kong-listed Paradise Entertainment swung to a loss in 2015 as revenue dropped in its casino management business and operating expenses, in particular labor costs, rose. The firm reported a loss of HK$148.9 million (US$19.2 million) in 2015 from a profit of HK$66.5 million in 2014, according to a filing to the Hong Kong Stock […]

    Paradise Entertainment inks distribution deal with chairman’s in-law

    Paradise Entertainment has announced it has entered into a Distributorship Framework Agreement with the brother in-law for Paradise Entertainment’s chairman, according to an announcement to the Hong Kong Stock Exchange. The agreement with Linyi Feng is for the sales and distribution of gaming products to the companies controlled by Feng for a term of three […]

    Paradise Entertainment expects loss in 2015

    Paradise Entertainment has announced it expects a loss for the year ending Dec. 31, 2015 due to slumping gambling revenue. According to a filing with the Hong Kong Stock Exchange, the gaming service provider and manufacturer attributed the loss to a decrease in GGR for the group’s casino management business, as well as an increase […]

    Korea casino industry faces oversupply, academic says

    Concerns have been raised about a potential surplus of casinos in South Korea, with the industry already hit by a global economic slowdown, lower VIP revenue globally, and unstable demand, local media reports. At a seminar held at Seoul National University this week, Pyo Hak K, an honorary professor of economics at SNU commented any […]

    Humanoid dealer could revolutionize card dealing

    Amidst discussion of gaming staff salary hikes, and falling GGR in Macau, Hong Kong-based gaming machine manufacturer and supplier, Paradise Entertainment says its new robot dealer could cut labor costs and open up new markets for casino operators, Bloomberg reports. Named Min, the dealer’s current function is limited to dealing cards, however, planned enhancements include recognizing […]

    LT Game eyes Europe expansion, sees UK sales in Q1

    LT Game is eyeing the European market for the next step in its global expansion and expects to see sales in the U.K. market beginning in the first quarter of next year. Jay Chun, chairman and managing director of parent company Paradise Entertainment, said the company expects to place its products with a “sizeable” company […]

    Paradise Entertainment installs Live Multi-Games at Casino Lan Kwai Fong

    Paradise Entertainment, a casino management and electronic gaming solutions provider in Macau, announced that it has successfully installed its Live Multi-Game solution at Casino Lan Kwai Fong. The new electronic gaming area opens with 63 LMG terminals, offering six baccarat games and Paradise Jackpot, under a leasing agreement. “Paradise is committed to meeting the needs […]

    Paradise Entertainment records loss in 15H1

    Paradise Entertainment, a gaming systems supplier, recorded a loss of HK$11.8 million ($1.5 million) for the six months ended June 30, compared to a profit of HK$50.46 million for the corresponding period in 2014.  Revenue for the period decreased to HK$571 million, representing a drop of 6.4 percent, which was attributable to the decrease in […]

    South Korea’s Paradise Co. Q2 profit almost halves

    South Korean casino operator Paradise Co. reported a 17 percent drop in Q2 revenue, while net profit almost halved. Revenue was 143 billion won ($122.8 million), down from 172.5 billion won in the year-ago period. Net profit was 12.6 billion won, down 47 percent. Sales from the casino business, the largest segment, dropped by 17.6 […]

    Paradise Entertainment warns of loss for six-month period

    Paradise Entertainment Limited, an electronic gaming systems supplier, announced that it is expected to record a loss for the six months ending 30 June 2015, compared to a profit in the corresponding period in 2014. The expected loss for the six months ending 30 June 2015 is mainly attributable to a decrease in gross gaming […]

    Paradise opens new slot hall at Waldo

    Paradise Entertainment, a casino management and electronic gaming company, has opened a new slot hall at Casino Waldo.  The first phase of the new slot hall features 139 slot machines from slot manufacturers such as IGT, Aristocrat, Aruze, Aspect Gaming, Hydako and APE-Incredible Techonologies.  The slot machines add to the existing 27 traditional gaming tables […]

    Paradise installs 42 LMG terminals at Galaxy Phase 2

    Paradise Entertainment Limited, an electronic gaming solutions provider, announced that it has deployed 42 Live Multi-Game terminals at Galaxy Macau Phase 2, the latest property to open in Macau.  The company, one of the biggest suppliers of games and casino systems in Macau, also deployed an additional 50 LMG terminals at Galaxy Macau Phase 1, […]

    Paradise Entertainment revenue up but profit down in 2014

    Paradise Entertainment Ltd, a casino service and equipment provider, posted a 15.7 percent increase in revenue for 2014 but a sharp decrease in profit. The company’s revenue for the year increased from HK$1 million in 2013 to HK$1.2 million representing an increase of 15.7 percent, attributable to the growth of the e-casino, Casino Kam Pek […]

    Paradise Entertainment 2014 profit drops 36 percent

    Gaming machine supplier Paradise Entertainment reported a year-on-year profit decline of nearly 36 percent in 2014, while its revenue increased 15.7 percent due to a strong performance of its Casino Kam Pek Paradise, the company announced. Profit for the Hong Kong-listed company for the year decreased from HK$103 million ($13.2 million) to HK$66 million representing […]

    Paradise installs 78 LMG terminals in Grand Lisboa, breaks into U.S.

    Paradise Entertainment, a gambling machine supplier, said it has installed 78 of its Live Multi-Game terminals at Macau’s Grand Lisboa. The installation is part of a sales agreement between Paradise Entertainment and the casino for up to 120 LMG terminals. “Casino operators in Macau are increasingly seeking table gaming solutions that allow them to quickly […]

    Macau needs policy change to foster local talent: MGEMA

    The Macau government needs to change its policies to nurture the local gambling equipment manufacturers, as it is losing a golden opportunity to develop the industry and create quality jobs for residents, the head of the industry association said.

    Paradise’s LT Game sees further Macau growth, U.S. push

    Paradise Entertainment has warned that it expects to report a loss in 2015 as a result of the slump in Macau’s gaming revenue, though its LT Game supplier unit sees no such gloom and predicts 2016 will be the year it makes significant headway in the U.S. With the help of IGT, it sold its first product in the U.S. to The Palazzo in Las Vegas last year and now expects further sales and geographic expansion.  

    Brave new game: Macau ETGs thrive amid table caps, labor squeeze

    Electronic table games have gained a strong and growing foothold in Macau’s traditionally baccarat-dominated casinos and may prove key in populating the floors of new multi-billion dollar resorts amid a tight cap on tables and ongoing labour shortages.
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