Paradise Entertainment posts strong profit, revenue growth in H1

Paradise Entertainment Limited reported a 19.4% increase in total revenue, reaching HK$507.9m for the six months ended June 30, 2025, up from HK$425.3m in the prior year. This growth was primarily attributed to enhanced casino management services and increased sales of electronic gaming equipment and systems in Macau. The company's profit for the period surged by 48.9% to HK$177.8m, compared to HK$119.4m in the corresponding period of 2024. Adjusted EBITDA also saw a substantial rise of 43.4%, reaching HK$211.8m.

The casino management segment in Macau, specifically Casino Kam Pek Paradise, generated HK$382.6m in revenue, a 7.3% increase from HK$356.5m in the previous year. This was bolstered by a 22.5% increase in gross gaming revenue from LMG terminals, which now contribute 2.1% to Macau's overall gross gaming revenue. The electronic gaming equipment and systems segment's profit rose by 335.7% to HK$48.8m, largely due to higher demand for LMG terminals and upgrading services in Macau.

The board has declared an interim dividend of HK7.5 cents per share, payable on October 15, 2025. This reflects the company's strong financial performance and commitment to shareholder returns, despite the anticipated material reduction in revenue and profit post-December 2025 due to the non-renewal of the Casino Kam Pek Paradise management service agreement.