Paradise’s LT Game sees further Macau growth, U.S. push

Paradise Entertainment has warned that it expects to report a loss in 2015 as a result of the slump in Macau’s gaming revenue, though its LT Game supplier unit sees no such gloom and predicts 2016 will be the year it makes significant headway in the U.S. “In Macau, everyone is talking about a slowdown. But for our supplier business, it keeps growing and growing,” Betty Zhao, chief operating office of LT Game told AGBrief. “As Macau is increasingly focused on mass market tourism and new properties have begun to come online in Cotai since mid-2015, the market environment is very favorable to gaming equipment manufacturers,” Zhao said. Gross gambling revenue in Macau fell 34.3 percent to its lowest level in five years in 2015  as an ongoing crackdown on corruption in mainland China, coupled with a slowing economy, shrivelled the VIP market. However, revenue from Live Multi Games (LMG), a sector of...

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