TLDR
- Jay Chun raised his stake in Paradise Entertainment to 65.36%, up from 60.00% in March.
- He made 54 share purchases between late March and last week.
- Total spending on the shares came to about HK$32.88 million (US$4.2 million).
- The stock hit a yearly low of HK$0.435 on March 24 before recovering to HK$0.770 by June 26.
- Paradise Entertainment’s 2025 profit fell 63.5% due to the closure of its Macau satellite casino.
Jay Chun, chairman and managing director of Paradise Entertainment, has increased his ownership stake in the Hong Kong-listed company.
Disclosure records filed with the Hong Kong stock exchange show his long position rose to 65.36%. That is up from 60.00% on March 27.
The increase came through a long stretch of buying. Chun made 3 purchases in late March, 18 in April, 18 in May, and 15 more in June.
A Steady Buying Pattern
Each purchase added a small amount to his holding. Over time, these added up to a meaningful jump in ownership.
In total, Chun spent about HK$32.88 million on the shares. That works out to roughly US$4.2 million.
The buying took place while the stock was trading near its lowest point of the year. Some purchases also came after the shares began to recover.
Stock Price Recovery
Paradise Entertainment shares hit a yearly low of HK$0.435 at the close of trading on March 24. That was just before the company released its 2025 financial results.
The results showed a 63.5% drop in annual profit compared with the previous year. The company ended 2025 with a profit of HK$139.4 million.
The drop was largely linked to the closure of the company’s Macau satellite casino. The closure followed new regulations introduced in the city.
Since the March low, the stock has climbed steadily. Shares closed at HK$0.770 on June 26.
That price marks a rise of about 77.0% from the low point in March.
Paradise Entertainment is the parent company of LT Game, a Macau-based maker of electronic casino games. The firm has been expanding its product lineup in recent months.
It has also been pushing into markets outside Macau. Last week, the company said one of its subsidiaries became an approved manufacturer in Singapore.
That approval adds another regional market to the company’s expansion plans. It comes as the firm works to offset the impact of losing its satellite casino business.
Chun’s continued share purchases took place during this period of change. The buying pattern shows steady interest in the stock even when prices were low.
His new ownership level of 65.36% gives him a larger say in how the company is run going forward.
Paradise Entertainment has spent recent months adjusting its operations following the Macau casino closure. At the same time, it has focused on building its presence in new gaming markets.
The Singapore manufacturing approval is the latest step in that effort. It follows the broader pattern of the company looking beyond its home market for growth.
As of the most recent filings, Chun’s stake stands at 65.36%, following his last recorded purchase during the week of June 22.
