Hot news

Dublinbet

Dublinbet

DublinBet.com is an innovative and classy casino and card room. It offers classic online casino game favourites plus some of the best live dealer games on the net for January 2012.

Through the latest webcasting technology you can interact with dealers from the privacy of your home (or office!). The sounds and dealer action is live from the Fitzwilliam Card Club and Casino, in Dublin Ireland. DublinBet's Distance Gaming® is a 'must try even if you're not fussed for live dealer games - try the unique early payout

+ More info...

888

888

Do you find it hard to get to a live casino to play poker? Then simply come to 888poker, the best poker online room in Australia and experience the same thing with no hassle.888 Casino is one of the most famous casinos in cyberspace, thanks to some of the most eye-catching promotions in the industry and an ongoing commitment to innovation. Owned and operated by a subsidiary of 888 Holdings plc, which is listed on the London Stock Exchange, 888 Casino was launched in 1997 and more than 25 million people have played here since.

+ More info...

365 Casino

365 Casino

Enjoy a huge selection of casino games at 365 Casino with monthly bonuses and weekly promotions, Play Blackjack, Roulette, Baccarat, Slots, and Video Poker and win big at 365 casino. 24hrs a day, 365 days a year Safe & secure with excellent Customer Service.

+ More info...

Elegance Casino

Smart Live Casino

The unique thing about Smart Live Casino is its live casino games. It offers live baccarat, live roulette and live blackjack where the player sees the dealer and the action unfold infront of his own eyes. They have a fully array of games as well as sports betting. The site also comes in a variety of languages.

+ More info...

Paradise Entertainment Plans Overseas Casino Equipment Push

E-mail Print PDF

Paradise Entertainment Ltd. (1180), the supplier of gambling equipment in Macau, forecast a rise of at least 35 percent in sales next year and said it aims to expand overseas to sell its electronic table games outside the city.

Sales may rise by at least 35 percent next year as Macau casinos order more electronic table games, Chairman and Managing Director Jay Chun said in an interview in Macau yesterday. The company gets almost all its revenue from the world’s largest gambling hub.

The supplier to casino companies such as Sands China Ltd. (1928), SJM Holdings Ltd. (880) and Melco Crown Entertainment Ltd. (MPEL), has benefited from Macau’s transformation into the world’s largest gambling hub with six times the revenue of Las Vegas. Paradise Entertainment aims to expand into the U.S., Australia, Singapore, Cambodia and Vietnam, Chun said.

“There are about one million gaming machines in the U.S. right now, whereas Macau only has 16,000,” the executive said. “The U.S. market will definitely be our priority.” The company plans to accelerate expansion into the country next year, he said.

The stock climbed 5.2 percent to HK$3.64 in Hong Kong, the highest close since August 2009. The benchmark Hang Seng Index rose 1.7 percent.

Paradise Entertainment also manages the Kam Pek Paradise casino under the license of SJM, Asia’s largest operator, in the only city in China where casinos are legal. It aims to operate two more casinos in the Chinese city, Chun said, without disclosing details.

The company’s revenue rose 27 percent to HK$405 million in the first six months of the year.

Market Share

The company currently accounts for 20 percent of the slot machine market in Macau and 60 percent of the electronic live table games market, Chun said. The Hong Kong-listed company expects sales for its slot machines to rise above 40 percent next year, he said.

Paradise Entertainment’s first-half profit dropped about 15 percent to HK$40.2 million because of a one-off disposal gain recorded in the same period a year earlier.

Sands China, Galaxy Entertainment Group Ltd. (27) and Melco Crown have been expanding on Cotai, a piece of reclaimed land that is Macau’s equivalent to the Las Vegas Strip. Smaller rivals Wynn Macau Ltd. (1128) and MGM China Holdings Ltd. (2282) are building their first resorts there.

The expansion is boosting the demand for gambling equipment such as Paradise Entertainment’s multi-games live table machines, which allow gamblers to play multiple games such as jackpot and baccarat at a terminal-based table with real-life dealers concurrently.

Overseas Expansion

Located next to SJM’s oldest Lisboa casino in Macau’s peninsula, Kam Pek Paradise casino has 37 gaming tables, more than 900 live multi-game machines and over 300 slot machines, according to the company’s website.

Paradise Entertainment announced on Nov. 5 that it had raised about HK$77.6 million by issuing 33.7 million new shares at HK$2.3 each to two U.S.-based investment funds, according to a statement to Hong Kong stock exchange. The proceeds will be used as working capital, it said.

Gambling revenue in Macau increased 18 percent to 297.1 billion patacas in the first 10 months of this year, close to the $38 billion revenue raked in last year, as improved rail connection, added entertainment shows and hotel rooms drew more gamblers to the Chinese city.

To contact the reporter on this story: Vinicy Chan in Hong Kong at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

To contact the editor responsible for this story: Stephanie Wong at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Enlarge image Paradise Entertainment Chairman Jay Chun

Paradise Entertainment Chairman Jay Chun

Paradise Entertainment Chairman Jay Chun

Jay Chun, chairman and managing director of Paradise Entertainment Ltd., poses for photograph after an interview at the Macao Gaming Show event in Macau on Nov. 14, 2013.

Jay Chun, chairman and managing director of Paradise Entertainment Ltd., poses for photograph after an interview at the Macao Gaming Show event in Macau on Nov. 14, 2013. Photographer: Lam Yik Fei/Bloomberg

Read more http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGDvcfLEZQK8CaI-DCCa8QCYXvIqg&url=http://www.bloomberg.com/news/2013-11-14/paradise-entertainment-sees-35-sales-growth-on-casino-boom.html

You are here