Paradise Entertainment reports 23.1% revenue decline as it expands online gaming
Paradise Entertainment said FY25 revenue fell 23.1% to HK$834.4 million, while net profit declined 63.5% to HK$139.4 million. The company attributed pressure to weaker product demand and the end of casino management services at Casino Kam Pek Paradise, and said its Infernoplay online games are in development for licensed operators.
Developing online games for licensed operators may diversify Paradise Entertainment as product demand and casino management services weaken.