Paradise Entertainment reported total revenue of HK$834.40m for the year ended December 31, 2025, down 23.1% from HK$1.08bn in 2024, reflecting weaker performance across its core gaming segments.
Net profit fell 63.5% year-over-year to HK$139.40m, compared with HK$381.90m in 2024. Results included HK$130.60m in profit from discontinued casino management operations at Casino Kam Pek Paradise in Macau, down from HK$267.2m a year earlier.
The decline was primarily driven by lower casino management revenue, reduced sales and leasing of electronic gaming equipment and systems, and employee compensation and reimbursement costs following the casino’s closure.
Adjusted EBITDA totaled HK$207.50m, a decrease of 54.2% from HK$453m in 2024. Within the electronic gaming equipment and systems segment, adjusted EBITDA dropped 76% to HK$37.60m, reflecting softer LMG terminal sales and higher research and development expenses.
Revenue from electronic gaming equipment and systems fell 45.3% to HK$199.80m. Sales of LMG terminals in Macau declined sharply to HK$131.60m from HK$316.40m in 2024, as customers delayed purchases ahead of the planned 2026 launch of the new Black Coral LMG system.
Casino Kam Pek Paradise ceased operations on December 2, 2025 following the non renewal of its service agreement. Gross gaming revenue generated by the casino between January 1 and December 1, 2025 totaled HK$1.16bn, down from HK$1.3bn in 2024. Revenue attributable to the group from the property declined 11.9% to HK$633.10m.
Looking ahead, the operator is focusing on new product launches including Black Coral, Speedwave cabinets, and its upcoming online gaming brand Infernoplay, while expanding into overseas markets such as the Philippines and North America to drive future growth.
The company paid HK$42.10m in employee compensation and reimbursements to gaming staff following the casino’s closure
