{"id":777008806,"date":"2023-08-30T06:25:58","date_gmt":"2023-08-30T09:25:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008806"},"modified":"2026-04-22T18:34:40","modified_gmt":"2026-04-22T21:34:40","slug":"paradise-entertainment-revenue-up-36-2-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-entertainment-revenue-up-36-2-in-h1","title":{"rendered":"Paradise Entertainment revenue up 36.2% in H1"},"content":{"rendered":"\n

Revenue was HK$246.7m (US$31.4m), up 36.2 per cent when compared to last year.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Paradise Entertainment\u00a0has posted revenue of HK$246.7m (US$31.4m) for the first half of the year, up 36.2 per cent on year-on-year terms. Adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) reached HK$31m (U$3.95m), compared with an EBITDA loss of HK$64.4m (US$8.2m) a year earlier.<\/p>\n\n\n\n

However, Paradise Entertainment recorded a loss of HK$3m (US$382,000) for the first six months of the year. Adjusted EBITDA from the casino under the group’s management amounted to HK$55.8m, compared with a loss of HK$23.3m for the first half of the year 2022. A major factor behind the turnaround was the increase in gross gaming revenue (GGR) generated by\u00a0Casino Kam Pek Paradise<\/a>\u00a0in Macau.<\/p>\n\n\n\n

Electronic gaming equipment and systems saw an adjusted EBITDA loss of HK$17.5m, an improvement due to cost control related to research and development and other expenses associated with electronic gaming systems.<\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue was HK$246.7m (US$31.4m), up 36.2 per cent when compared to last year.<\/p>\n","protected":false},"author":176,"featured_media":777006346,"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 reported a 36.2% year-on-year revenue increase to HK$246.7m for the first half of the year, achieving a positive adjusted EBITDA of HK$31m, a significant turnaround from the prior year's loss. This performance was primarily driven by robust GGR growth at its Casino Kam Pek Paradise in Macau, despite the group recording a net loss of HK$3m. The electronic gaming equipment segment also showed improved EBITDA loss due to cost controls.","focusai_entities":"Paradise Entertainment, Casino Kam Pek Paradise","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers?","query":"What specific macro-economic factors and regulatory adjustments in Macau underpinned the significant GGR growth at Casino Kam Pek Paradise during H1, and how sustainable are these drivers for future performance?"},{"label":"EBITDA vs. Net Loss?","query":"Given the positive adjusted EBITDA turnaround, what non-operating expenses or depreciation\/amortisation charges contributed to Paradise Entertainment's H1 net loss, and what is the projected timeline for achieving net profitability?"}],"footnotes":""},"categories":[16338,163],"tags":[23722],"class_list":["post-777008806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-paradise-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008806","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=777008806"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008806\/revisions"}],"predecessor-version":[{"id":777008817,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008806\/revisions\/777008817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777006346"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}