Hong Kong-listed casino equipment maker and gaming services provider Paradise Entertainment Ltd says it has newly deployed 70 of its Live Multi Game (LMG) terminals at a casino on Macau peninsula.
The machines have been installed at Casino Diamond – a venue operating under the gaming licence of Macau casino operator SJM Holdings Ltd – at Holiday Inn Macau.
“We are pleased to work with Casino Diamond and glad to see our LMG terminals as part of their product offerings,” said Jay Chun, chairman and managing director of Paradise Entertainment, in a press release issued by the firm.
“LMG terminals are designed to increase efficiency and productivity… an ideal solution – amid the current challenging business environment – to manage operation cost effectively,” added Mr Chun.
The release added that the group had deployed nearly 3,800 Live Multi Game terminals to the Macau market to date. In November, the firm said it had 200 units deployed in casinos outside of Macau.
The group said in a filing on December 31 that it expected to report a loss for its full-year 2015 results, citing “a decrease in gross gaming revenue of the group’s casino management business; and an increase in overall operating expenses, particularly on labour costs”.
Besides making electronic gaming machines under the branding of its unit LT Game Ltd, and supplying them to casinos, Paradise Entertainment also has contracts to provide some gaming management services at four Macau gaming venues. They are: Casino Kam Pek Paradise – an SJM Holdings-licensed electronic games-only casino in downtown Macau; Casino Waldo, operating under the Galaxy Entertainment Group Ltd licence; Casino Macau Jockey Club – a venue operating under SJM Holdings’ licence; and an electronic gaming hall at Casino Lisboa, a property directly managed by SJM Holdings.
The company had 200 LMG units deployed in casinos outside Macau as of November. During last year’s Macao Gaming Show – a casino industry trade show held in Macau in November – Mr Chun said Paradise Entertainment hoped soon to start selling its LMG terminals in Europe, initially in the United Kingdom.
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Amount that each Macau casino operator paid for the circa six-month extension of their respective contract