The profits of gambling company Paradise Entertainment surged by 527% due to the popularity of its LMG terminals
The company attributed this surge in income to record sales of its flagship Live Multi Game (LMG) terminals and systems, which have become particularly popular among leading casino operators in Macau. Additionally, high foot traffic at the Kam Pek Paradise venue, where Paradise Entertainment provides management services under an SJM license, played a significant role in boosting revenues.
LMG terminals allow players to place bets on multiple live dealer tables simultaneously through an electronic interface, helping casinos reduce staffing costs and enhance operational efficiency through automation.
The report also highlighted that the adjusted EBITDA for 2024 stood at HK$453.0 million (about ₽4.88 billion), a 239% increase from the previous year. Of this, HK$310.4 million (approximately ₽3.34 billion) was generated by the Kam Pek Paradise casino, while the remaining HK$156.4 million (around ₽1.68 billion) came from the production and sale of electronic gaming equipment. This performance enabled the company to offset losses of HK$14.8 million (about ₽159.5 million) recorded in 2023.
The total gross revenue for the Kam Pek Paradise casino in 2024 reached HK$1.26 billion (approximately ₽13.59 billion), with LMG terminals contributing the largest share at HK$806.6 million (around ₽8.69 billion). Traditional table games generated HK$454.5 million (about ₽4.89 billion), while slot machines accounted for HK$52 million (approximately ₽560.6 million).
Notably, Macau's gaming revenue reached record levels in the fourth quarter of 2024.
Blog
Explore more interesting news
Amigo Gaming has announced a new partnership with Elantil, a company renowned for its flexible, modern, and operator-focused approach. As part of the agreement, the ...
The Brazilian Senate's Economic Affairs Committee (CAE) has approved a bill to gradually increase the gross gaming revenue (GGR) tax for casino operators from 12% ...
Pragmatic Play has announced a new partnership with Loterías Torito, aimed at strengthening the provider's position in the regulated Peruvian iGaming market. This agreement will ...
Lotte Tour Development Co. Ltd, the owner of the South Korean casino Jeju Dream Tower, has released its financial results for November 2025. During this ...
Genting Malaysia's revenues significantly exceeded forecasts for the third quarter of 2025. The group's total revenue rose by 22% year-on-year, reaching $813 million (63.6 billion ...
A user of the online casino DraftKings in Michigan has set a new record for the American gambling industry by winning the largest jackpot in ...
Content provider for online casinos, Amigo Gaming, is continuing its expansion in Latin America. The company has announced an extension of its strategic partnership with ...
The regulated sectors of online betting and land-based gambling have played a crucial role in the significant increase in Brazil's tax revenues in October and ...
Finland is steadily moving towards the licensing of its iGaming sector. Today, the country's authorities published two draft technical documents that will form part of ...
BGaming, a prominent game developer, has been honored with the prestigious SiGMA Central Europe Award for "Best Casino Game of 2025" for its viral hit, ...
The iGaming industry in Ontario set record results in October 2025, achieving its highest figures since the launch of the regulated market in 2022. According ...
Booming Gaming has announced a partnership with online casino operator Placard, marking the supplier's debut in Portugal's regulated iGaming market and strengthening its presence in ...
