Paradise Entertainment plans Kam Pek Casino transition by year-end

Paradise Entertainment Ltd. is aiming to transition its Kam Pek Paradise casino to a new business model by year-end, aligning with the city’s updated gaming regulations, according to company chairman Jay Chun.

Speaking to the press earlier this week, Chun said discussions with SJM Holdings Ltd., the concessionaire holding the gaming license, are still pending.

Under new rules effective January 2026, satellite casinos like Kam Pek Paradise must cease revenue-sharing arrangements with concessionaires.

Instead, they must operate under a management company model, earning a management fee for overseeing casino operations.

“It’s our hope to continue managing Kam Pek Paradise,” Chun stated, as cited in multiple media reports, noting the need to define a fee structure that adequately covers operational costs.

The venue currently employs around 400 staff, 300 of whom are locals. Maintaining stable employment is a key concern, he added.

Kam Pek Paradise reported HKD718.3 million in casino revenue in 2024 – representing 66.2% of Paradise Entertainment’s total revenue of HKD1.08 billion.

The property features 20 traditional tables, 10 live multi-game tables, 951 LMG terminals, and nearly 100 slot and electronic table game machines.

Chun also highlighted the importance of the casino as a testing ground for its gaming technology arm, LT Game Ltd.

Chief Executive Sam Hou Fai recently confirmed the future of satellite casinos rests with concessionaires, with no government involvement in commercial arrangements.

Chun echoed this, urging prompt coordination to define key terms like the management fee.  LV