Paradise Entertainment declares 2014 dividend
Shareholders of Macau-based casino equipment maker Paradise Entertainment Ltd approved a final dividend of HKD0.05 (US$0.006) per share for the year ended December 31, 2014. The resolution was passed at the annual general meeting on Friday.
Hong Kong-listed Paradise Entertainment develops, supplies and sells electronic gaming systems in Macau and internationally under the LT Game brand. Its gaming products include Live Multi Game (LMG) terminals, served by a live dealer but with electronic betting and bet settlement.
The company in March reported a 36 percent decline in net profit, despite a near 16 percent rise in revenue for 2014.
In May, Paradise Entertainment chairman Jay Chun said the company would be introducing new products to diversify its offering and to smooth the volatility of its current single product replenishment cycle.
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Maybe new Macau mass Covid test, community spread still June 24, 2022 
Macau ops sign contract extension, eye fresh public tender June 23, 2022 
Blackstone clinches US$6.15bln takeover of Crown Resorts June 24, 2022 
SJM confirms new US$2.4bln loan facility June 24, 2022 
Okada Manila control dispute back in court: Universal June 22, 2022