Paradise Entertainment Ltd 2023 AR2
The report highlights Paradise Entertainment Limited's financial recovery in 2023, with total revenue increasing by 113.0% to HK$634.3 million and Adjusted EBITDA turning around to a profit of HK$133.6 million. This growth was primarily driven by a significant resurgence in Macau's tourism and gaming sectors, boosting revenue from casino management services at Casino Kam Pek Paradise. Additionally, the company expanded its business portfolio by launching a new innovative and renewable energy solutions segment, supplying smart charging stations for electric vehicles in Mainland China. The group also continued to invest in high-tech gaming equipment and systems while implementing green practices to reduce its environmental footprint.
Company: Paradise Entertainment Ltd
Sector: Consumer Discretionary
Country: Hong Kong
Year: 2023
Type: AR2
Pages: 157
Paradise Entertainment Ltd
Annual Report
The report highlights Paradise Entertainment Limited's financial recovery in 2023, with total revenue increasing by 113.0% to HK$634.3 million and Adjusted EBITDA turning around to a profit of HK$133.6 million. This growth was primarily driven by a significant resurgence in Macau's tourism and gaming sectors, boosting revenue from casino management services at Casino Kam Pek Paradise. Additionally, the company expanded its business portfolio by launching a new innovative and renewable energy solutions segment, supplying smart charging stations for electric vehicles in Mainland China. The group also continued to invest in high-tech gaming equipment and systems while implementing green practices to reduce its environmental footprint.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 26, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Water Consumption
Workplace Fatalities
Employees