Macau’s Paradise Entertainment Ltd has issued a positive profit alert for the six months ended 30 June 2018.
In a filing to the Hong Kong Stock Exchange on Wednesday, Paradise said it expects to record a profit for the period, compared with a HK$35 million loss in the first six months of 2017.
The positive results are due to “an increase of approximately 10% in the group’s revenue from provision of casino management services as a result of an increase of approximately 10% in total gross gaming revenue from the casinos under the group’s management” as well as “an increase of approximately 160% in the group’s revenue from sale of electronic gaming equipment and systems.”
Inside Asian Gaming reported in April that Paradise had already deployed 364 new Live Multi Game (LMG) terminals to the city’s casinos in the first few months of 2018 – almost five times the number of terminals it deployed through all of 2017.
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