{"id":777018097,"date":"2024-08-13T09:49:53","date_gmt":"2024-08-13T12:49:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018097"},"modified":"2026-04-22T07:14:03","modified_gmt":"2026-04-22T10:14:03","slug":"paradise-entertainment-expects-to-post-profit-of-us15-32m-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-entertainment-expects-to-post-profit-of-us15-32m-for-h1","title":{"rendered":"Paradise Entertainment expects to post profit of US$15.32m for H1"},"content":{"rendered":"\n<p>The company saw a 48.5 per cent increase in revenue from casino management services in Macau.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Paradise Entertainment has announced that it expects to record a profit of HK$119.4m ($15.32m) for the first half of the year. The figure compares to a loss of HK$3m (US$384,880) <a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-entertainment-revenue-up-36-2-in-h1\" target=\"_blank\" rel=\"noreferrer noopener\">for the first half of 2023<\/a>.<\/p>\n\n\n\n<p>According to the company, the increase in profit was driven by a 48.5 per cent increase in revenue from casino management services in Macau due to higher gaming revenue at Casino Kam Pek Paradise, and a 1,743.2 per cent increase in revenue from selling\/leasing electronic gaming equipment and systems in Macau, mainly attributed to a rise in demand for live multi-game terminals and related products.<\/p>\n\n\n\n<p>Paradise Entertainment expects to publish its financial results for the first six months of the year by the end of August.<\/p>\n\n\n\n<p>In 2023, the company posted revenue of <a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-entertainment-revenue-up-113-in-2023\" target=\"_blank\" rel=\"noreferrer noopener\">HK$634.3m (US$81m)<\/a>,\u00a0up 113 per cent on year-on-year terms. Adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) reached HK$133.6m, compared with a negative figure of HK$109m a year earlier. Profit attributable to its owners was just under HK$65.8m (US$8.4m).\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company saw a 48.5 per cent increase in revenue from casino management services in Macau.<\/p>\n","protected":false},"author":176,"featured_media":19807,"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 anticipates a significant profit of HK$119.4m for H1, a substantial turnaround from a prior-year loss. This performance is primarily attributed to a 48.5% increase in Macau casino management service revenue and a remarkable 1,743.2% surge in electronic gaming equipment sales and leasing, reflecting robust market demand and GGR recovery.","focusai_entities":"Paradise Entertainment, Casino Kam Pek Paradise","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), tech_data (0.75), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Market Recovery","query":"What specific macroeconomic factors and policy shifts in Macau are contributing to the sustained recovery in GGR and demand for electronic gaming equipment, as evidenced by Paradise Entertainment's performance?"},{"label":"EGE Growth Drivers","query":"Beyond general market recovery, what specific technological advancements or player preferences are driving the exceptional 1,743.2% increase in demand for live multi-game terminals and related EGE products for Paradise Entertainment?"}],"footnotes":""},"categories":[16338,163],"tags":[23722],"class_list":["post-777018097","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\/777018097","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=777018097"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018097\/revisions"}],"predecessor-version":[{"id":777018113,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018097\/revisions\/777018113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19807"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}