Paradise Entertainment Limited provided earnings guidance for the year for the period ending June 30, 2016. For the period, the company expected that the Group will record a substantial loss for the period as compared to the loss of HKD 12 million in the corresponding period in 2015. The expected loss for the period is mainly attributable to, including but not limited to: preliminary estimated loss relating to grant of exclusive right to make, market and distribute electronic gaming systems involving assignment and license of certain patents and associated technology of approximately HKD 338 million; and a decrease in gross gaming revenue of the Group's casino management business as the operating environment of gaming industry in Macau remains difficult.