Paradise Entertainment shares to resume trading after service agreement news

Paradise Entertainment Limited (HKEX:1180) announced that its service agreement with SJM Resorts for casino management services at Casino Kam Pek Paradise in Macau will not be renewed upon its expiry on December 31, 2025. The agreement generated HK$718,308,000 in revenue for the year ended December 31, 2024, representing 66.2% of the Group's total reported revenue. The Board anticipates a material reduction in reported revenue and profit attributable to shareholders starting January 1, 2026. Paradise Entertainment remains focused on its electronic gaming equipment and systems segment and is exploring alternative business opportunities. Trading in the company's shares, halted on June 9, 2025, is set to resume on June 10, 2025.