Casino management services and electronic gaming equipment company Paradise Entertainment has announced a strong increase in profit for 2024, totaling HK$381.9 million ($49.1 million), compared to HK$60.9 million ($7.84 million) for 2023.
The group attributed the rise to a 27.2 percent yearly increase in the group’s revenue from its casino management services in Macau at Kam Pek Paradise, under SJM’s satellite casino license. The group also recorded a strong increase in the number of patrons to the casino.
Furthermore, LMG (live multi game) terminals were a strong draw, while sale and leasing of electronic gaming equipment and systems were up by 543.1 percent yearly, to HK$308.5 million ($39.7 million).
The group highlighted the expansion of the ‘facilitated individual travel scheme’, as well as increase MICE and event efforts to drive tourists to Macau as contributors to the success.
The group noted that it has ‘benefited’ from the efforts, ‘boosting the number of patrons at Casino Kam Pek Paradise and enhancing the appeal of the Group’s electronic gaming equipment and systems (including the LMG terminals and related products) to casino operators in Macau’.
