Last year, electronic gaming equipment supplier Paradise Entertainment reported a loss of $4.4 million for the first half of the year. Things look like they could be turning around this year, though, as the company announced that it expects its revenue to be on the plus side for the first six months of 2018. The gains reportedly come from a 10% increase in revenue from its casino management services and an explosion in equipment sales that has reached 160% over last year.

For its first-quarter report this year, Hong Kong-listed Paradise indicated that its revenue had increased year-on-year by 31.1% to reach $39.28 million. Sales from gaming equipment increased by 170.2% over the same period last year, bringing in $6.47 million. This was a substantial increase over the $2.39 million for the first quarter last year.

The increase in sales propelled the company into the purchase of a warehouse facility in Macau. The purchase is said to be worth around $16 million, with the total amount paid by October 15 of this year.

Through its LT Game subsidiary, Paradise supplies electronic gaming equipment to casinos in Macau, as well as in other countries. It also operates casinos in satellite properties in Macau through licenses held by other operators. It operates the Kam Pek Paradise Casino under the license of SJM Holdings and the Waldo Casino through a partnership with Galaxy Entertainment.