The parent company of Macau gaming equipment supplier LT Game is transforming its growth story after a tough FY25 that saw sales slump and a management contract expire. Paradise Entertainment said its revenue for FY25 came in at HK$834.4 million, down 23.1% from FY24. Revenue generated from the sale and leasing of electronic gaming equipment and systems fell 45.3% to HK$199.8 million. Net profit also took a hit, down 63.5% at HK$139.4 million. Adjusted EBITDA fell 54.2% to HK$207.5 million. Management pointed to softer product demand and the cessation of satellite casino management services at Casino Kam Pek Paradise in Macau as the main pressure points.
The strength of Paradise Entertainment’s subsidiary LT Game has been its Live Multi-Game (LMG) gaming machine installations across Macau’s casino floors. These installations allow for additional gaming positions within Macau’s stringent limits on live gaming tables. But with FY25 results indicating a slowdown, Paradise Entertainment is increasingly relying on new sectors and markets to mitigate the slowdown.
Overseas and Consultancy Push After Kam Pek Exit
On the land-based side, Paradise is targeting expansion beyond Macau, flagging the Philippines, Sri Lanka, Laos, Malaysia, Vietnam, and North America as markets with “significant potential” and what it describes as untapped demand for its products. The company is actively pitching its portfolio to operators in those jurisdictions as it looks to diversify away from a single-market concentration.
Since its management agreement with SJM Resorts, S.A. ended late last year, Paradise has also quietly moved into advisory work. It says it has “successfully partnered” with another Macau gaming concessionaire to provide professional consultancy services to one of that operator’s casinos since 2 December 2025, though it did not disclose which concessionaire. The shift into consulting marks a new way to monetise its operational know-how without taking on full management risk.
Infernoplay Marks Entry Into Online Game Supply
The most visible change is Paradise’s entry into online gaming via a new B2B game content brand called Infernoplay. The business will draw on LT Game’s existing titles, repackaging them for licensed online operators. The group described the global online gaming market as set for rapid growth, fueled by stronger technology, wider game choice, and mobile internet adoption, and said its own technical depth, brand recognition, and talent base leave it well placed to participate.
Under the Infernoplay banner, Paradise is building a pipeline of new games enhanced by its ability to integrate generative artificial intelligence. These titles are already in development and are expected to go live soon with licensed online gaming operators. With online play gaining popularity, management sees this B2B content push as a potential new growth leg in the near term, sitting alongside its traditional electronic table games business.
New LMG Platform and Hardware to Refresh Casino Floors
LT Game has also been investing in fresh hardware and systems for physical casinos. A new LMG system dubbed “Black Coral” is due for launch this year, featuring integrated analytics and widgets that present historical and real-time gameplay data in an accessible way. The goal is to deepen player engagement and upgrade the overall experience by giving both operators and patrons clearer insight into game flow and results.
Black Coral will be paired with a new slant-top cabinet called “Speedwave,” built on an architecture that lets operators switch between different games simply by changing the topper. Paradise says this flexibility is designed to help properties respond faster to shifting player preferences while squeezing more value from each footprint on the floor. Taken together, Black Coral and Speedwave are pitched as tools to cement the group’s position in emerging markets and underpin sustainable growth.
Innovation Push Underpins Diversification Strategy
In its results commentary, Paradise framed these moves—overseas expansion, consultancy, Infernoplay, and new LMG products—as part of a broader effort to stay competitive in a crowded global gaming landscape. The company said that in such an environment, it sees ongoing investment in innovation and technology, plus agility in responding to changing trends, as essential. By broadening its offering and upgrading core products, management aims to keep meeting the evolving needs of clients, partners, and players, even as FY25’s 23.1% revenue decline and 63.5% profit drop underline the urgency of that shift.
Source: Inside Asian Gaming