Paradise Entertainment 2013 revenue jumps 41 percent

    Paradise Entertainment said 2013 revenue rose 41.4 percent to HK$1.03 billion boosted by casino services. Revenue generated from Casino Kam Pek Paradise increased by 20.9 percent, outpacing the overall industry. Profit fell 27.6 percent to HK$103.78 million due to the increased cost of sales and services at the Waldo Casino and the LMG Terminals Zone of Lisboa Casino and the amortisation of patents. A gain from the sale of a pharmaceutical business also boosted the 2012 result.