Paradise Entertainment Expects HKD82.6 Million Loss in First Half of 2026 After Macau Casino Closure and LMG Revenue Drop
TL;DR — Paradise Entertainment expects to record a loss of HKD82.6 million (US$10.5 million) for the first half of 2026 after the Casino Kam Pek Paradise closure ended Macau management revenue and LMG sales fell 74.2 percent. Black Coral is scheduled to launch in the second half of 2026 or early 2027.
SCCG Take — The satellite exit and purchase deferrals expose revenue concentration risk for LMG suppliers. Execution on the Black Coral rollout and Singapore manufacturing approval will set the recovery pace.
Paradise Entertainment Ltd expects a loss of HKD82.6 million (US$10.5 million) for the first half of 2026. The Hong Kong-listed gaming technology group recorded a profit of HKD177.8 million in the comparable period of 2025.
The loss stems from two direct factors detailed in the company’s Friday filing. First, the closure of Casino Kam Pek Paradise eliminated all revenue from casino management services in Macau. The satellite venue operated under the licence of SJM Resorts Ltd until December 1, 2025. Paradise Entertainment recognised HKD382.6 million from that business line a year earlier but nothing in the current period.
LMG Sales Decline Compounds Impact
Second, revenue from the sale and leasing of electronic gaming equipment and systems decreased by HKD93.1 million, or 74.2 percent. The drop centred on live multi game terminals and systems in Macau. Paradise Entertainment is the parent of LT Game Ltd, which has held a dominant position in the Macau LMG category.
The company stated that customers postponed purchases ahead of the next-generation Black Coral platform. That product is now scheduled to launch in the second half of 2026 or early 2027 after an earlier target of the first quarter. Paradise Entertainment reported full-year 2025 profit of HKD139.4 million, down 63.5 percent from the prior year. A subsidiary obtained approved-manufacturer status in Singapore under the Gambling Regulatory Authority.
Product Transition and Market Position
According to GGRAsia, chairman and managing director Jay Chun has increased his stake in the firm after judging its valuation underappreciated relative to growth potential. The company will publish its first-half 2026 results by the end of August 2026. The end of Macau’s satellite casino sector removed a revenue stream that had contributed the majority of 2025 profit. Operators in the electronic table games segment must now navigate the gap until new platforms reach the floor while extending into licensed jurisdictions such as Singapore. The precise timing of Black Coral adoption will determine how quickly sales volumes recover.
Reporting: GGRAsia
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
Revenue concentration in legacy platforms and closed channels is a brutal wake-up call — execution on Black Coral is no longer optional.
We watch supplier resilience in contracting categories closely. Paradise lost its Macau management revenue overnight and saw LMG sales crater 74 percent as customers waited for next-gen product. The satellite exit was known, but the scale of the product-cycle gap is stark. Singapore approval is a bright spot, but timing on Black Coral will make or break the recovery.
- HKD82.6M H1 2026 loss driven by Casino Kam Pek closure (HKD382.6M revenue gone) and 74.2% LMG sales drop
- Customers deferred purchases pending Black Coral launch, now pushed to H2 2026 or early 2027
- Singapore manufacturing approval secured; chairman increased stake betting on valuation recovery
SCCG angle: SCCG has deep vendor and operator relationships across Macau and emerging Asian markets. When a supplier faces a revenue gap like this, we help them accelerate alternative channel partnerships, position new platforms with our operator network, and leverage our Singapore and Philippines connections to diversify faster. We have placed LMG and EGT solutions in seven jurisdictions — we know who is buying and when.
Gaming, betting and prediction markets — the desk’s read, every weekday.
Subscribe →