Singapore’s Gambling Regulatory Authority granted LT Smart (Singapore) Pte. Ltd., a Paradise Entertainment subsidiary, Approved Manufacturer status effective 25 June, the company said. Paradise said the approval would support regional expansion and collaborations in its gaming equipment and systems business.
The approval gives Paradise Entertainment’s subsidiary manufacturer status in Singapore’s regulated gaming market.
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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.
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.