{"id":17025,"date":"2021-04-20T16:16:10","date_gmt":"2021-04-20T16:16:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17025"},"modified":"2026-04-23T20:14:22","modified_gmt":"2026-04-23T23:14:22","slug":"paradise-ent-slot-machine-plans-hit-by-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-ent-slot-machine-plans-hit-by-covid-19-pandemic","title":{"rendered":"Paradise Ent slot machine plans hit by Covid-19 pandemic"},"content":{"rendered":"\n<p><strong>Paradise Entertainment Ltd<\/strong>\u00a0has reported that prior to the Covid-19 pandemic it was working to diversify its business by investing in developing slot machines and new electronic table game products.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The Covid-19 pandemic has put back <strong>Paradise Entertainment Ltd&#8217;s\u00a0<\/strong>plans to diversify into slots development, holding up the deployment of machines.<\/p>\n\n\n\n<p>Jay Chun,&nbsp;<strong>Paradise Entertainment chairman and managing director<\/strong>, said: &#8220;The Covid-19 pandemic has swept the globe, and most casinos were also shut down for certain periods in 2020. This has inevitably&nbsp;<strong>affected the deployment plan of our self-developed slot machines<\/strong>&nbsp;in these markets.&#8221;<\/p>\n\n\n\n<p>The company, which\u00a0<strong>controls LT Game Ltd<\/strong>, a brand that provides electronic gaming equipment and management technology for casinos, aims to diversify its business by <strong>launching its new slot machines and games in Macau and North America<\/strong>.<\/p>\n\n\n\n<p>In 2020, the company\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-entertainment-posts-losses-of-us25m-for-2020\">reported a 70.2 per cent decrease in revenue year-on-year<\/a> with revenue of HK$351.7m (US$45.3m), and\u00a0<strong>an adjusted EBITDA loss of HK$101.1m (US$13m)<\/strong>.<\/p>\n\n\n\n<p>In March 2020\u00a0<strong>Paradise Entertainment\u00a0<\/strong>announced it had left the <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-entertainment-casino-waldo\">management of the Casino Waldo<\/a>\u00a0to focus on operations at <strong>Casino Kam Pek Paradise<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paradise Entertainment Ltd\u00a0has reported that prior to the Covid-19 pandemic it was working to diversify its business by investing in developing slot machines and new electronic table game products.<\/p>\n","protected":false},"author":176,"featured_media":17026,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Paradise Entertainment Ltd's strategic diversification into slot machine and electronic table game development was significantly hampered by the COVID-19 pandemic, delaying deployment plans in Macau and North America. The company reported a substantial 70.2% revenue decrease and an adjusted EBITDA loss in 2020, alongside a strategic shift to focus on Casino Kam Pek Paradise operations.","focusai_entities":"Paradise Entertainment Ltd, LT Game Ltd, Jay Chun, Casino Waldo, Casino Kam Pek Paradise","focusai_location":"Macau, North America","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), product_ux (0.7), tech_data (0.7), investor_analyst (1.0), supplier_vendor (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Diversification Strategy Impact","query":"What specific adjustments has Paradise Entertainment made to its long-term diversification strategy for slot and ETG development, considering the prolonged market recovery in Macau and North America?"},{"label":"Capital Allocation Review","query":"How will the reported 70.2% revenue decrease and adjusted EBITDA loss in 2020 influence Paradise Entertainment's capital allocation for R&D and market expansion in the next fiscal year?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23722],"class_list":["post-17025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-paradise-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17025"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17025\/revisions"}],"predecessor-version":[{"id":17049,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17025\/revisions\/17049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17026"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}