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Paradise Entertainment expects loss in 2015
Monday 4th of January 2016
Paradise Entertainment has announced it expects a loss for the year ending Dec. 31, 2015 due to slumping gambling revenue.
According to a filing with the Hong Kong Stock Exchange, the gaming service provider and manufacturer attributed the loss to a decrease in GGR for the group’s casino management business, as well as an increase in overall operating expenses, particularly labor.
Paradise Entertainment engages in casino management, and development, supply and leasing of game machinery and equipment.
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