Paradise Entertainment said its LT Smart subsidiary received approval from Singapore’s Gambling Regulatory Authority to operate as a casino gaming manufacturer. The company described the approval as adding Singapore to its regulated markets; no licence term or further conditions were stated.
The approval allows LT Smart to operate as a gaming manufacturer in Singapore, subject to the stated regulatory status.
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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.
It was reported that Paradise Co recorded July casino sales of KRW77.89bn. Sales increased 3.6% year-on-year and 25.8% from the previous month.
It was reported that South Korea plans to increase casino operators’ payments to the state tourism fund. Paradise shares fell more than 23% over five days following the proposal.
Shinhan Investment & Securities expects Paradise’s second-quarter 2026 revenue to exceed $213 million, with operating profit rising 18% to more than $29 million, according to the report. It also forecasts Lotte Tour Development revenue of $131 million, while analysts cited expect Grand Korea Leisure to benefit from increased Chinese visitors.
Paradise Co reported casino revenue of KRW477.6 billion for 1H26, up 5.1% year on year. June casino revenue fell 21.2% year on year to KRW63.2 billion, while the company said its subsidiary Paradise Sega Sammy repaid a KRW100 billion loan on 31 March 2026.