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Tag Archives: Paradise Entertainment

China – Paradise pulls the plug on its involvement in Casino Waldo

Paradise Entertainment won’t be providing casino management services for Casino Waldo in Macau due to spiralling costs and the effect of COVID-19 on revenues. It will continue to offer management services for Casino Kam Pek Paradise ‘to maximise the return from the provision of casino management service in this casino to the Group.’ Paradise said:…

China – Paradise poised for coronavirus backlash following modest growth in 2019

Macau-based multi-player and Electronic Table Gaming specialist Paradise Entertainment reported solid results for 2019 with an increase in revenue of 1.5 per cent, year-on-year to HK$1,181.8m although profit plummeted by 80.1 per cent. Adjusted EBITDA decreased 27.9 per cent year-on-year to HK$87m with profit coming in at HK$10.6m.Revenue of electronic gaming equipment and systems was…

Hong Kong – Jay Chun looks to increase share in Paradise

Macau’s Paradise Entertainment Chairman and Managing Director Jay Chun is looking to increase his shareholding in the company with a proposed repurchase mandate. Paradise will ask its shareholders to allow the company’s directors to purchase up to 105,218,531 of its shares on the market, equating to around 10 per cent of current issued share capital….

China – Paradise to benefit from ETG replacement in Macau

Fewer new openings in Macau saw Hong Kong-based ETG supplier Paradise Entertainment post revenues of HK$1,011.8m in 2017, representing a decrease of 13 per cent over 2016 but as the only-approved supplier of ETGs in Macau its revenues will be boosted over the coming year by a government-enforced replacement cycle. The company deployed a total…

China – Paradise welcomes Macau’s new standards for ETGs

Paradise Entertainment, the dominant force in Macau’s ETG market, has welcomed new technical standards published by the Gaming Inspection and Coordination Bureau Macau concerning dealer operated electronic table games. The Standards formally define DETG’s technical standards and requirements for the Macau gaming industry. The Standards have provided a grace period for all those existing DETG…

China – Macau Roosevelt could have 30 tables and 100 slots

Analyst Union Gaming believes the future Macau Roosevelt hotel to be based at the Macau Jockey Club will be allocated 25 to 35 gaming tables and 100 slots when it opens in Taipa the next few months. The casino, owned under licence by SJM but to be managed by Paradise Entertainment, will open alongside a…

China – LT game signs distribution deal with Poker Games Interactive

Poker Games Interactive LLC and LT Game, a subsidiary of Paradise Entertainment, have entered into a Macau distribution agreement to create video poker games for LT Game’s Live Multiple Game System which has live dealers, supports multiple tables and has a terminal-based multi-game selection system in Macau market. The groundbreaking demo version of this combination…

China – Macau slump causes trouble in Paradise

The cost of patents saw losses for Paradise Entertainment reach HK$410.5m for the first six months of the year, down from HK$11.9m for the same period in 2015, marking a 33 per cent increase in losses. The casino service and equipment supplier said the losses were due to a ‘one-off loss on disposal of patents…

China – IGT to buy e-table technology from Paradise

International Game Technology and Paradise Entertainment have signed an agreement that will see Paradise transfer all of its electronic table game technology, patents and other intellectual property to IGT, with certain exceptions for Table Game IP used exclusively in Macau. IGT will pay Paradise an upfront fee plus an ongoing earn-out based on placement of…