Paradise Entertainment expects a loss of HK$82.6 million ($10.6 million) for the six months ended June 30, 2026, reversing a profit of HK$177.8 million ($22.8 million) in the same period a year earlier. The profit warning was filed on Friday.
Revenue from the sale and leasing of electronic gaming equipment and systems fell 74.2%, a decline of HK$93.1 million ($11.9 million). Weak sales of terminals and live multi game (LMG) systems in Macau did the damage. Paradise ties part of that to its next-generation Black Coral platform, which reaches the market in the second half of 2026 or early 2027 and is being developed by the manufacturing arm of LT Game. Customers may have postponed purchases while waiting for the new LMG version, the company said, leaving the current platform short. The Black Coral timetable now carries the EGM side of the Macau business.
The loss also reflects the end of casino management operations in Macau, a consequence of satellite casino closures a year earlier. The services agreement for Casino Kam Pek Paradise on the Macau peninsula expired and was not renewed from December 2, 2025. Paradise recognised no casino management revenue in Macau in the first half of 2026, against HK$382.6 million ($49.1 million) a year earlier. The first-half 2025 profit included HK$148.8 million ($19.1 million) from discontinued operations. Profit from continuing operations then was HK$29 million ($3.7 million).
Chairman and managing director Jay Chun has said the company answers the satellite casino closure with new lines, among them a casino consultancy arm, and puts more weight on slot innovation. Paradise is still completing its unaudited consolidated accounts, with the interim report due before the end of August.
