Singapore’s Gambling Regulatory Authority granted Approved Manufacturer status to LT Smart (Singapore), a subsidiary of Paradise Entertainment, effective 25 June. Paradise said the approval supports its plan to expand its gaming technology business across regulated markets.
The status enables Paradise Entertainment to pursue gaming equipment and systems business in Singapore’s regulated market.
| Date | Company | Amount | Story | Appeal status |
|---|---|---|---|---|
| Paradise Co | Not stated | Singapore GRA approves Paradise Entertainment unit as manufacturer | Not stated | |
| Genting Singapore | Not stated | Genting Singapore says it is positioned for next RWS licence assessment | Not stated |
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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.