Paradise Entertainment Makes a Glamorous Appearance at Macau Gaming Show 2019 Driving Innovation and Technology to the Electronic Gaming Industry

2019-11-13 18:43 4302

HONG KONG, Nov. 13, 2019 /PRNewswire/ -- Paradise Entertainment Limited ("Paradise" or the "Company", or together with its subsidiaries referred as the "Group") (HKEx Main Board listed company, stock code: 1180), through its subsidiaries LT Game Limited ("LT Game") and LT Digital Technology Limited ("LT Digital"), has participated in the MGS Entertainment Show 2019 ("MGS" or the "Show") which was held in the Venetian Macao this month for three days from 12 to 14 November. During the Show, Paradise showcased not only its array of latest slot machines and Live-Multi-Game ("LMG") machines and other electronic gaming equipment and products but also for the first time exhibited high-tech equipment and products relating to 5th generation mobile networks ("5G") and Artificial Intelligence ("AI"), and received a burst of applause from the participating enterprises and attendees.

Mr. Jay Chun, Chairman and Managing Director of Paradise and the chairman of MGEMA participates in the MGS
Mr. Jay Chun, Chairman and Managing Director of Paradise and the chairman of MGEMA participates in the MGS

This year's MGS was jointly organized by the Macau Gaming Equipment Manufacturers Association ("MGEMA"), Nam Kwong Culture and Creativity Industry Co., Ltd. and China National Machinery Industry International Co., Ltd. with strong support from the relevant governmental departments in Macau and the gaming and leisure communities. All along aligning with the attainment of Macau as a core hub of The Guangdong-Hong Kong-Macao Greater Bay Area (the "Greater Bay Area") and an important gateway linking Mainland China with international markets, MGS has actively responded and committed to positioning Macau as the world's tourism and leisure centre, and also promoting the diversification of Macau's industries and development towards the direction of innovation and technology, whilst upholding its mission and keeping abreast with time. The Show has featured a dynamic and information-packed Summit this year having invited divers distinct speakers to talk about specific topics relating to the gaming technology areas and the development of the Greater Bay Area, which certainly would be an excellent opportunity for the audience to discuss and share their views with these renowned speakers.

As always, Paradise renders full support to MGS and has displayed a variety of its latest self-developed hightech gaming equipment and products. With the capture of new Asian-style games, Paradise's latest self-developed slot machines exhilarated and dazzled gaming patrons. In recent years, Paradise has continually placed investments on innovation and development of slot machines in local Macau market, as well as on the expansion of overseas markets such as the Americas and South East Asia and shall progressively launch new slot machines to these markets. In addition, Paradise's flagship products LMG machines are most reputable. The cutting-edge technology automatic intelligent robots steadily and accurately deliver cards in a thrilling baccarat game, coupled with the engaging animations displayed on the large-scale X-Stadium's High Definition ("HD") screen and exhilarating music, bring the patrons an experience of the perfect harmony of high technology and gaming. The latest Virtual Horse Racing Games are also a highlight of the Show. These horse racing games are conducted virtually under a giant HD screen bringing the gaming patrons an atmosphere of excitement as if they were betting on the real racecourse. These high-tech gaming equipment have been installed or scheduled to be installed in various casinos in Macau and/or the Americas.

Furthermore, in recent years Paradise has been investing increasingly on research and development of 5G, AI and other related high-tech products. The latest debut research accomplishments included smart wear, smart home and 5G wireless terminal high-tech products adhering to the trend of high-tech development including 5G and AI. These high-tech products enhance human's quality of life significantly in areas in education, sports and living etc. and are highly acclaimed by sports lovers and parents. In the future, Paradise firmly believe that these high-tech products will also be more closely integrated with entertainment business for the continuous enhancement of players' experience.

Mr. Jay Chun, Chairman and Managing Director of Paradise as well as the chairman of MGEMA commented, "Strategically, Macau is an important hub of the Greater Bay Area. The MGS is dedicated to promoting economic diversification and technology development and providing a cooperation platform for exhibitors to communicate and exchange views with customers from all around the world. In this connection, Paradise has also displayed its latest electronic gaming products, and displayed for the first time its developed 5G and AI and other related high-tech equipment and products in response to the development needs in the future. Whilst we will be standing firm in Macau facing the world market, we are committed to technological innovation and appealing more high-tech talents with a view to striving to become one of the world's leading gaming equipment companies, thereby injecting new vitality into the development of Macau and the Greater Bay Area."

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Source: Paradise Entertainment Limited
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