TLDR Paradise Entertainment posted a first half 2026 loss of HK$82.6 million, compared to a profit a year earlier. The loss followed the closure of Casino Kam Pek Paradise in December 2025. Supplier segment revenue fell 67.1% year over year. The company is preparing to re-enter the North American gaming market. Paradise is awaiting Macau approval for its new Black Coral gaming platform.
Paradise Entertainment reported a loss for the first half of 2026. The Macau based company posted a loss of HK$82.6 million, which converts to about US$10.5 million.
That is a sharp turn from a year earlier. In the first half of 2025, Paradise recorded a profit of HK$29.0 million.
The drop came after the company’s casino management business ended. Casino Kam Pek Paradise closed in December 2025.
That satellite casino had been managed under a license from SJM Resorts. It brought in HK$382.6 million in revenue during the first half of 2025.
Supplier Revenue Falls Sharply
Paradise’s continuing operations, including its supplier business, saw revenue drop 67.1% compared to last year. That segment brought in HK$41.3 million.
The company also swung to a loss on an EBITDA basis. It reported a loss of HK$74.4 million, compared to a positive HK$41.3 million a year before.
Paradise said lower sales of its Live Multi-Game terminals in Macau were a main driver. Higher research and development costs also played a role.
New Platform Awaits Approval
Paradise is banking on a new product to help turn results around. The company’s LT Game unit built a platform called Black Coral.
Black Coral is a next generation version of its Live Multi-Game system. It includes new player interfaces and updated backend software for casino floors.
The platform is in its final testing stages in Macau. Paradise expects full regulatory approval