Tag Archives: Paradise Entertainment
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…
China – Paradise installs Live Multi-Game at Casino Lan Kwai Fong
Macau gaming supplier Paradise Entertainment has successfully installed its Live Multi-Game (LMG) at Casino Lan Kwai Fong in Macau. The new electronic gaming area has opened with 63 LMG terminals, offering six baccarat games and Paradise Jackpot, under a leasing agreement. “Paradise is committed to meeting the needs of its customers, “said Jay Chun, Chairman…
China – Paradise feeling the pinch as Macau economy tightens
Macau-based gaming equipment supplier Paradise Entertainment reported a loss of HK$11.8m ($1.5m) in the first half of 2015, compared to a profit of HK$50.46m in the first half of 2014. The company blamed ‘the diminishing economic growth rate recorded in China and the widening anti-corruption campaign initiated by the central government of China.’ First half…
China – Paradise opens slot hall at Casino Waldo
Paradise Entertainment has opened a new slot hall at Casino Waldo, featuring 139 slot machines from IGT, Aristocrat, Aruze, Aspect Gaming, Hydako and APE-Incredible Technologies. The slot machines add to the existing 27 traditional gaming tables and 300 Live Multi Game terminals from LT game at Casino Waldo. Jay Chun, Chairman and Managing Director of…
China – Macau Jockey Club reopens as new kind of Paradise
The opening of a new casino in the gambling hub of Macau usually brings with it reams of global media coverage and hordes of excited baccarat players queuing out of the door. However with just a quarter page ad in one local newspaper, a venue of moderate size was ushered in this week. Minimal media…
China – Paradise sets sights on the States
Macau multi-player manufacturer Paradise Entertainment has set its sights firmly on international sales predicting a rise of at least 35 per cent in 2014 if it expands overseas. Chairman and Managing Director Jay Chun said that currently the manufacturer gets almost all its revenue from Macau supplying operators such as Sands China, Melco Crown Entertainment…
Italy – Four groups interested in Venice casino package
The Italian media has named four stakeholders as being interested in buying the operational rights for the city’s two casinos; Ca’ Vendramin Calergi and Ca’Noghera. Paradise Entertainment, Gtech-Lottomatica, Queenco and Las Vegas Sands have all reportedly confirmed their interest in securing the 30-year concession to take the casino private. Paradise Entertainment is a Chinese company…
