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 revenue and an increase in overall operating expenses, particularly on labour costs.

The group said it will continue to optimize its cost structure to remain lean in the current weak operating environment in Macau.

“The Group is also expected to ramp-up its overseas gaming system market with machine installations in the second half of the financial year.”