Macau’s Paradise Entertainment Ltd has outlined plans for its supplier arm LT Game to re-enter the US gaming market as it looks to further diversify its offerings following the cessation of its casino management business late last year.
The company reported on 27 August a HK$82.6 million (US$10.5 million) loss in the six months to 30 June 2026, reversing the HK$29.0 million (US3.7$ million) profit announced a year earlier. This followed the closure of the satellite casino it managed under the license of SJM Resorts, S.A., Kam Pek Paradise, in December 2025. Casino Kam Pek Paradise had contributed HK$382.6 million (US$48.8 million) in revenue in 1H25 and segment profit of HK$148.8 million (US$19.0 million).
Paradise also revealed that revenue from continuing operations, namely its supplier arm, fell by 67.1% year-on-year to HK$41.3 million (US$5.3 million).
As a result, Adjusted EBITDA in 1H26 was a loss of HK$74.4 million (US$9.5 million) compared with a profit of HK$41.3 million (US$5.3 million) a year earlier, including a HK$54.0 million (US$6.9 million) Adjusted EBITDA loss from the supplier arm. The turnaround from profit to loss was mainly due to the decrease in revenue from the sale of Live Multi-Game terminals in Macau and the increase in research and development and other costs of the business segment, Paradise explained.
Despite this, the company said it expects to see improved performance from LT Game given the impending approval in Macau of its next-generation LMG platform “Black Coral” – which introduces a complete overhaul of both player-facing interfaces and backend floor-management software.
“The Group is actively advancing through final testing phases and expects to obtain full regulatory approval for the commercial launch of Black Coral to the market in the second half of 2026, paving the way for rapid layout expansions and immediate system retrofits across major gaming facilities,” it stated.
Paradise also detailed plans to further expand its presence on gaming floors around the world. The company in June was granted Approved Manufacturer status by Singapore’s Gambling Regulatory Authority, providing an immediate pathway for direct commercial sales and system placements to Singapore casino operators, while its Manila showroom is seen as a regional base from which to scale its EGM footprint across “high-potential Southeast Asian hubs” including Vietnam, Cambodia, and Malaysia.
“Beyond Asia, the group is systematically accelerating its strategic initiative to re-enter major gaming jurisdictions across North America,” Paradise said.
“Backed by the robust technical compliance frameworks established previously, the group is actively advancing through product localisation, technical certification processes, and product testing aimed at deploying customised electronic gaming products into targeted North American markets via established local distributors possessing the requisite regulatory licenses.
“This proactive and collaborative strategic distribution framework positions the group to directly capture the immense replacement-hardware and system-upgrading demand currently driving the North American gaming sector.”
Paradise added that it is pursuing early-stage AI initiatives that seek to leverage its gaming technology expertise to develop scalable solutions for multiple industries, which it hopes will create potential new revenue streams and diversified growth opportunities beyond its core gaming business.
