{"id":777046767,"date":"2026-08-28T07:16:55","date_gmt":"2026-08-28T10:16:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777046767"},"modified":"2026-08-28T08:10:05","modified_gmt":"2026-08-28T11:10:05","slug":"paradise-entertainment-reports-us10-6m-h1-loss-as-revenue-plunges-67","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-entertainment-reports-us10-6m-h1-loss-as-revenue-plunges-67","title":{"rendered":"Paradise Entertainment reports US$10.6m H1 loss as revenue falls 67%"},"content":{"rendered":"\n

The group said lower LMG equipment sales and higher research and development costs weighed on its first-half performance.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- Paradise Entertainment<\/strong> has reported a net loss of HK$82.6m (US$10.6m)<\/strong> for the first half of 2026, compared with a profit of HK$29m (US$3.7m) in the same period last year. The company had previously warned that it expected to record a loss<\/a> of around HK$85m for the six months to June 30.<\/p>\n\n\n\n

Revenue from continuing operations fell 67.1 per cent year-on-year to HK$41.3m (US$5.3m)<\/strong>, while adjusted EBITDA was negative HK$74.4m (US$9.5m), according to the company\u2019s unaudited interim results. The decline was mainly driven by lower revenue from the group\u2019s electronic gaming equipment and systems business. Revenue from the segment fell 74.2 per cent to HK$32.3m (US$4.1m), while adjusted EBITDA turned to a loss of HK$54m (US$6.9m), compared with a profit of HK$48.8m (US$6.3m) a year earlier.<\/p>\n\n\n\n

Paradise Entertainment attributed the decline primarily to lower sales of its live multi-game (LMG) terminals and systems in Macau. The company said some customers may have postponed purchases in anticipation of the launch of its next-generation LMG platform, Black Coral<\/strong>.<\/p>\n\n\n\n

Jay Chun<\/strong>, chairman and managing director of Paradise Entertainment, said: the Group continues to focus on its core strategy of prioritising mass market gaming offerings “through dedicated investments in innovative technology and electronic gaming solutions.\u201d He noted that Macau recorded approximately 20.9 million visitor arrivals in the first half of 2026, up 9.0 per cent year-on-year and that the expanding mass-market segment \u201cdirectly aligns with the Group\u2019s primary technological competencies\u201d<\/p>\n\n\n\n

The new Black Coral platform is currently undergoing final testing, with Paradise Entertainment expecting to obtain regulatory approval for a commercial launch in the second half of 2026. The system features upgraded player interfaces and floor-management software, including real-time data analytics, customised multi-bet capabilities and data visualisation tools.<\/p>\n\n\n\n

The group reported HK$9m (US$1.2m) in revenue from professional advisory and other services during the period. The business, established through a partnership with a Macau gaming concessionaire in December 2025, contributed a HK$6.1m adjusted EBITDA loss.<\/p>\n\n\n\n

The group is also pursuing international expansion. In June, it was granted Approved Manufacturer status by Singapore\u2019s Gambling Regulatory Authority<\/a>, opening the way for direct commercial sales and system placements with casino operators in the market.<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Paradise Entertainment expects US$10.5m H1 loss<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The group said lower LMG equipment sales and higher research and development costs weighed on its first-half performance.<\/p>\n","protected":false},"author":226,"featured_media":777046770,"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 net loss of HK$82.6m for H1 2026, a significant decline from the previous year's profit, primarily due to lower LMG equipment sales in Macau and increased R&D costs. The company anticipates a turnaround with its next-generation Black Coral LMG platform, currently undergoing final regulatory testing, and is pursuing international expansion, having secured Approved Manufacturer status in Singapore.","focusai_entities":"Paradise Entertainment, Jay Chun, Gambling Regulatory Authority, Black Coral","focusai_location":"Hong Kong, Macau, Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), product_ux (0.8), tech_data (0.8), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Black Coral Launch Impact","query":"What is the projected market penetration and revenue contribution of the Black Coral LMG platform in Macau and Singapore post-regulatory approval, and how will it mitigate the current sales decline?"},{"label":"Macau Mass Market Strategy","query":"How does Paradise Entertainment's 'mass market gaming offerings' strategy, supported by the Black Coral platform, specifically leverage the 9.0% increase in Macau visitor arrivals to drive GGR and NGR growth?"}],"footnotes":""},"categories":[16338,163],"tags":[29,1897,337],"class_list":["post-777046767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-igaming","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777046767","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777046767"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777046767\/revisions"}],"predecessor-version":[{"id":777046787,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777046767\/revisions\/777046787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777046770"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777046767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777046767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777046767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}