HongKong-listed gaming device maker and solutions provider Paradise Entertainment Ltd. has trimmed its losses by 90.2 percent in the first half of the year after inking a multi-million dollar deal to grant some exclusive rights to International Game Technology (IGT).

In a disclosure to the HongKong Stock Exchange on Tuesday, Paradise Ent reported that their net loss for January to June 2017 period was at HKD40.2 million (US$5.1 million), an improvement from the HKD334.8 million (US$53.26 million) losses it incurred a year earlier.

The firm attributed the lower net loss for the first half of 2017 to the “a one-off non-cash loss arising from assignment of intangible assets of HK$334.8 million in relation to the assignment and license of patents and associated technology to IGT in April 2016.”

In April 2016, Paradise Ent decided to enter an agreement to transfer all of its electronic table game technology, patents and other intellectual property to IGT because of the latter’s highly entrenched local gaming market in the US.