Good Morning. Paradise no more. Paradise Entertainment will shift its business strategy to focus on gaming equipment operations following the mandated closure of Macau’s satellite casinos by year-end. Chairman Jay Chun tells AGB he anticipates a significant revenue impact, with casino operations contributing over half of its total income. Meanwhile, in the UBS’ Global Wealth Report 2025 Asia, numerous gaming jurisdictions made it into the Top 25 list, including the likes of Hong Kong, Australia, and Singapore. In Vietnam, Deputy Prime Minister Tran Hong Ha has approved the Van Don integrated resort and casino project in Quang Ninh province, a significant advancement in the country’s gaming sector.
What you need to know
- Paradise Entertainment shifts focus to gaming equipment as Macau’s satellite casino closures threaten over half its revenue.
- Asian gaming jurisdictions place highly in the Top 25 Global Wealth ranking as new millionaires are minted every day.
- Vietnam’s Deputy Prime Minister Tran Hong Ha has approved the $2 billion Van Don integrated resort and casino project in Quang Ninh province.
On the radar
- PAGCOR warns against fake offshore gaming sites.
- PointsBet adjusts FY25 revenue and EBITDA outlook.
- Thai Senate warns casino bill may breach Constitution, calls for withdrawal.
- City of Dreams Sri Lanka casino to open on August 2nd.
AGB Intelligence
MACAU
Satellite casino shutdown forces strategic pivot for Paradise Entertainment
Paradise Entertainment will shift its business strategy to focus on gaming equipment operations following the mandated closure of Macau’s satellite casinos by year-end, as stated by chairman Jay Chun. The Hong Kong-listed company, which operates Casino Kam Pek Paradise under SJM Holdings’ gaming license, anticipates a significant revenue impact, with casino operations contributing over half of its total income. The satellite casino’s closure is expected to cut adjusted EBITDA from these operations by 68.5%, impacting about 700 employees—around 400 will transfer to SJM, while 300 face uncertainty.
Corporate Spotlight
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