Jay Chun, Chairman and Managing Director of Paradise Entertainment, has increased his shareholding in the company to 60.27 percent, after acquiring additional shares, according to a company filing on March 30th.
The filing shows Chun purchased 2.84 million ordinary shares on March 27th at an average price of HK$0.4454 ($0.057) per share, for a total consideration of approximately HK$1.26 million ($161,000). Following the transaction, his total holdings rose to about 634.16 million shares.
The increase comes as Paradise Entertainment’s share price remains under pressure, having declined more than 82 percent from its peak in March last year and about 75 percent since June, when the Macau government announced the end of satellite casino operations.
The company has been adjusting its strategy following the loss of its high-margin satellite casino business, with a growing focus on expanding into overseas gaming markets alongside its core gaming equipment operations.
Despite earnings pressure, last week Paradise declared a dividend for 2025, supported by what it described as a stable financial position. It reported cash holdings of HK$378.1 million ($48.4 million) against total borrowings of HK$110.8 million ($14.2 million), with net assets of HK$475.1 million ($60.8 million).
The company added that its relatively low leverage and solid liquidity position continue to support shareholder returns as it navigates structural changes in Macau’s gaming sector.
