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Paradise Entertainment ( (HK:1180) ) has issued an update.
Paradise Entertainment Limited announced that its service agreement with SJM Resorts for casino management services at Casino Kam Pek Paradise in Macau will not be renewed after its expiration on December 31, 2025. This agreement accounted for 66.2% of the company’s revenue in 2024, and its conclusion is expected to significantly reduce revenue and profit from January 2026. Despite this challenge, Paradise Entertainment is committed to enhancing its electronic gaming segment and exploring new business opportunities to diversify its operations and mitigate risks.
The most recent analyst rating on (HK:1180) stock is a Buy with a HK$1.60 price target. To see the full list of analyst forecasts on Paradise Entertainment stock, see the HK:1180 Stock Forecast page.
More about Paradise Entertainment
Paradise Entertainment Limited is a company incorporated in Bermuda, primarily engaged in the development, sale, and leasing of electronic gaming equipment and systems. The company focuses on both Macau and overseas markets, aiming to expand its presence in the gaming industry.
YTD Price Performance: 113.79%
Average Trading Volume: 1,306,148
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.93B
Learn more about 1180 stock on TipRanks’ Stock Analysis page.