Sales of live multi-game are also down for Paradise
Paradise Entertainment has warned that changes in the satellite casino sector in Macau will see its profit for the year ended December 31 2025 fall by 63.5 per cent year on year to about HK$139.4m.
The company has also been affected by a steep decline in sales and leasing of electronic gaming equipment and systems.
Paradise said: “This decrease in profit was mainly due to a decrease of HK$85.2m or 11.9 per cent in the group’s revenue from the provision of casino management services in Macau, a decrease of HK$165.5m or 45.3 per cent from the sale of electronic gaming equipment and systems, and the group’s payment to its employees and reimbursement to SJM Resorts for those gaming operation staff employed by SJM Resorts who worked for Casino Kam Pek Paradise under the Group’s management in Macau totalling HK$42.1m.”
It added: “The Group also experienced a decrease in revenue from the sale and/or leasing of electronic gaming equipment and systems, particularly with regard to the sale of live multi-game (LMG) terminals and systems in Macau. In the Preceding Period, the LMG terminals achieved widespread popularity due to their innovative advancements in gaming technology and the Group recognised significant revenue from the sale of LMG terminals and systems in the consolidated financial statement of the Group for the Preceding Period. The sale of the LMG terminals were weakened during the Reporting Period, primarily because customers might opt to postpone their purchases in anticipation of our upcoming LMG system, namely “Black Coral”, which was first announced by the Group in late 2024. Black Coral, currently planned for launch in 2026, is designed to incorporate advanced technological features, including integrated analytics and widgets that present historical and real-time gameplay data in a clear and accessible format. By highlighting observable patterns derived from actual gameplay outcomes through intuitive visualisation, the system aims to enhance player engagement and the overall gaming experience. Revenue recognition of this new version of LMG systems has not yet occurred. The group anticipates that Black Coral will enhance player engagement and accelerate the replacement of existing LMG terminals and systems in operation, hence driving future revenue growth of the group in this segment.
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Sales of live multi-game are also down for Paradise Paradise Entertainment has warned that changes in the satellite casino sector in Macau will see its profit for the year ended December 31 2025 fall by 63.5 per cent year on year to about HK$139.4m. The company has also been affected by a steep decline in…
The post Paradise issues profit warning with revenues falling due to changes in Macau’s satellite casino sector appeared first on G3 Newswire.