Paradise Entertainment said Singapore’s Gambling Regulatory Authority granted approved-manufacturer status to its subsidiary LT Smart (Singapore) Pte. Ltd, effective 25 June 2026. Paradise said the approval adds Singapore to its regulated-jurisdiction portfolio as it seeks to expand LT Game across Asia.
The status gives Paradise’s gaming manufacturing arm approval in another regulated jurisdiction.
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Paradise Co reported September net casino revenue of KRW86.7bn (US$64.5m) in South Korea. The outlet reported revenue growth of 38.2% and described the quarter ending in September as a record.
Reportedly, NH Investment & Securities expects rising tourism to support South Korea’s foreigner-only casinos, particularly mass-market play. The brokerage forecasts 23 million inbound visitors in 2026 but cautions that VIP gaming may benefit less. It recommends watching September and October figures to assess demand.
Paradise reported August casino revenue of KRW104.91bn in South Korea, up 32.1% year on year. Table hold reached 14.6%, compared with 11.4% a year earlier. VIP visiting days across its four casinos remained broadly stable.
Paradise Entertainment recorded a HKD82.6m loss for the first half of 2026, against a HKD177.8m profit a year earlier. The casino equipment maker declared no interim dividend.
South Korea’s Ministry of Culture, Sports and Tourism has proposed increasing the maximum tourism development fund levy for foreigner-only casinos from 10% to 15% of revenue. At a Seoul roundtable, INSPIRE executive Kang Dae-suk warned the change could put refinancing of more than KRW1 trillion next year at risk; Paradise Co executive Lee Jong-myoung warned it could reduce investment. The ministry has also proposed five-year licence renewals and prior approval for significant ownership transfers or acquisitions.