Paradise Entertainment (HK:1180) has released an update.
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Paradise Entertainment Limited has announced an expected profit of HK$119.4 million for the first half of 2024, a significant turnaround from the HK$3.0 million loss reported in the same period last year. The improvement is largely credited to a 48.5% increase in revenue from casino management services and a 1,743.2% rise in sales and leasing of electronic gaming equipment in Macau, following the lifting of Covid-19 restrictions and a surge in tourism. Investors are advised to exercise caution until the company’s interim results, which are yet to be audited, are published by the end of August 2024.
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