Paradise Entertainment expects US$10.5m H1 loss
The Hong Kong-listed gaming technology group expects a loss due to the end of its Macau casino management business and a sharp decline in LMG equipment sales.
Hong Kong.- Paradise Entertainment expects to report a net loss of HKD82.6m (US$10.5m) for the first half of 2026, compared with a profit of HKD177.8m (US$22.8m) a year earlier. The company said the forecast is mainly due to the end of its casino management business in Macau.
Following the closure of Casino Kam Pek Paradise in December 2025, Paradise Entertainment saw no casino management revenue in the first half, compared with HKD382.6m (US$49.1m) in the same period of 2025. The group also reported a 74.2 per cent decline in revenue from the sale and leasing of electronic gaming equipment and systems, down HKD93.1m (US$11.9m). The decrease was mainly linked to lower sales of live multi-game (LMG) terminals and systems in Macau.
Paradise Entertainment said some customers may have delayed purchases ahead of the planned launch of its next-generation LMG platform, Black Coral, scheduled for the second half of 2026 or early 2027.
The company expects to publish its unaudited first-half results by the end of August.
