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Paradise Entertainment ( (HK:1180) ) has issued an announcement.
Paradise Entertainment Limited has announced a substantial increase in profits for the year ended December 31, 2024, reporting HK$381.9 million compared to HK$60.9 million in the previous year. This growth is attributed to a significant rise in revenue from casino management services and electronic gaming equipment sales in Macau, driven by increased demand for live multi-game terminals and a boost in tourist arrivals due to the recovery of the gaming industry and government efforts to enhance tourism.
More about Paradise Entertainment
Paradise Entertainment Limited operates in the gaming industry, primarily focusing on casino management services and the sale and leasing of electronic gaming equipment and systems. The company has a significant presence in Macau, where it manages Casino Kam Pek Paradise and provides popular live multi-game terminals.
YTD Price Performance: 206.25%
Average Trading Volume: 6,333
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $287M
For detailed information about 1180 stock, go to TipRanks’ Stock Analysis page.