Paradise Entertainment establishment. Source: Hotels.com

Paradise Entertainment Expands Reach into Southeast Asia After Stellar Financial Performance

Paradise Entertainment, a prominent provider of casino management services and electronic gaming equipment, has reported a remarkable surge in adjusted EBITDA across its pivotal segments in the past year. Bolstered by this success, the organization is poised to venture into new markets within Southeast Asia.

Under the stewardship of Jay Chun, the conglomerate achieved an impressive revenue of $634.3 million Hong Kong dollars ($81 million) in 2023, marking a substantial 113% surge compared to the previous year. This notable growth was primarily fueled by robust casino revenue generated in Macau, underscoring Paradise's stronghold in the region.

Despite encountering a modest dip in revenue from overseas markets, the company observed heightened demand for its electronic gaming equipment domestically. Additionally, Paradise unveiled a novel business segment dedicated to offering renewable energy solutions in mainland China, contributing a commendable $1.5 million to the overall revenue for 2023.

27 March 2024, 20:00

Finance Southeastern Asia

Finance

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