TLDR
- Paradise Entertainment posted a first half 2026 loss of HK$82.6 million, compared to a profit a year earlier.
- The loss followed the closure of Casino Kam Pek Paradise in December 2025.
- Supplier segment revenue fell 67.1% year over year.
- The company is preparing to re-enter the North American gaming market.
- Paradise is awaiting Macau approval for its new Black Coral gaming platform.
Paradise Entertainment reported a loss for the first half of 2026. The Macau based company posted a loss of HK$82.6 million, which converts to about US$10.5 million.
That is a sharp turn from a year earlier. In the first half of 2025, Paradise recorded a profit of HK$29.0 million.
The drop came after the company’s casino management business ended. Casino Kam Pek Paradise closed in December 2025.
That satellite casino had been managed under a license from SJM Resorts. It brought in HK$382.6 million in revenue during the first half of 2025.
Supplier Revenue Falls Sharply
Paradise’s continuing operations, including its supplier business, saw revenue drop 67.1% compared to last year. That segment brought in HK$41.3 million.
The company also swung to a loss on an EBITDA basis. It reported a loss of HK$74.4 million, compared to a positive HK$41.3 million a year before.
Paradise said lower sales of its Live Multi-Game terminals in Macau were a main driver. Higher research and development costs also played a role.
New Platform Awaits Approval
Paradise is banking on a new product to help turn results around. The company’s LT Game unit built a platform called Black Coral.
Black Coral is a next generation version of its Live Multi-Game system. It includes new player interfaces and updated backend software for casino floors.
The platform is in its final testing stages in Macau. Paradise expects full regulatory approval and a commercial launch in the second half of 2026.
Once approved, the company says operators could expand and retrofit gaming layouts using the new system.
Paradise is not limiting its plans to Macau. In June, the company received Approved Manufacturer status from Singapore’s Gambling Regulatory Authority.
That status opens a path for direct sales and system placements with casino operators in Singapore. The company also runs a showroom in Manila.
That Manila location is meant to serve as a base for growth across Southeast Asia. Paradise named Vietnam, Cambodia, and Malaysia as target markets.
Paradise also confirmed plans to return to North American casino markets. The company is working on product localization and technical certification for the region.
It plans to sell customized electronic gaming products through local distributors that already hold the needed licenses. The company said this strategy targets demand for replacement hardware and system upgrades.
Beyond gaming hardware, Paradise is exploring early stage artificial intelligence projects. The company said these efforts could open new revenue streams outside its core casino business.
These initiatives are part of a wider push to diversify after the end of its Macau casino management work. Paradise is focused on new products, system placements, and markets where partners already hold licenses.
The company’s supplier arm now centers on four priorities. These are the North American re-entry, Black Coral’s approval, expansion in Southeast Asia, and early AI development.
