Results

Macau Legend Development Ltd, a former satellite casino operator, reported a more than twofold increase in its annual loss, intensifying concerns about its financial stability. The loss attributable to shareholders reached HKD1.57 billion (Rs.16,030 crore / US$199.9 million) for 2025, up from HKD622.6 million in 2024, driven largely by the discontinuation of its satellite gaming operations. The company reiterated a “going concern” warning, citing net current liabilities of HKD2.70 billion, borrowings of HKD2.40 billion, and limited cash reserves of HKD27.1 million.

Paradise Entertainment, the parent company of gaming technology firm LT Game, is recalibrating its growth strategy after a difficult FY25 marked by declining revenues and profitability. The company reported a 23.1% drop in revenue to HK$834.4 million (approximately Rs. 890 crore), alongside a sharp fall in net profit and EBITDA. The downturn was largely driven by weaker demand for gaming equipment and the termination of a key casino management contract in Macau.