Content Writer: Janice Chew • Thursday, 25/08/2025 - 17:00:12 - PM
Paradise Entertainment posted a solid set of results in the first half of 2025, with group revenue up 19.4% year-on-year to HK$507.9 million (US$65.2 million). Profit attributable to shareholders climbed 48.5% to HK$172.5 million, while adjusted EBITDA rose 43.4% to HK$211.8 million. Reflecting confidence in its financial position, the company declared an interim dividend of HK$0.075 per share, up from HK$0.05 a year earlier.
Casino Kam Pek Paradise, operated under a management contract with SJM Resorts, remained a cornerstone of performance, contributing over 75% of total revenue. Gross gaming revenue at the property rose 7.2% to HK$698.9 million, with net revenue up 7.3% to HK$382.6 million. However, the company cautioned that its 18-year management agreement for Kam Pek Paradise will not be renewed after December 31, 2025. “Upon expiry of the service agreement, it is expected there will be a material reduction in the reported revenue and profit of the group,” Paradise said in a filing.
The company’s LT Game division was a standout performer, with revenue from sales and leases of electronic gaming equipment jumping 83.7% to HK$125.3 million. Almost all of this growth was generated in Macau, with only HK$0.3 million coming from overseas markets. Jay Chun, Chairman and Managing Director of Paradise Entertainment, highlighted that “LT Game continues to demonstrate the scalability of our electronic gaming solutions, which are well-positioned to support our next phase of expansion”.
Chun acknowledged the looming challenge posed by the satellite casino closure but remained optimistic about the group’s ability to adapt. “While the expiry of the Kam Pek Paradise contract will impact our revenue base, the strength of LT Game and our diversified pipeline mean we are well-prepared to pivot,” he said. Management emphasized that the company would step up efforts to reduce reliance on Macau’s satellite casino model, which has faced policy headwinds in recent years.
Looking ahead, Paradise Entertainment is prioritizing regional expansion. The company is actively seeking opportunities in markets such as the Philippines, Sri Lanka, and North America, backed by a new production facility and end-to-end gaming equipment capabilities. “We see great potential in international markets, and our focus is to leverage our unique gaming solutions and operational expertise to capture new growth,” Chun explained. With strong interim results and a clear diversification roadmap, Paradise’s future now hinges on how successfully it can replace lost casino management revenue with global opportunities.
