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Paradise Casino Entertainment Features Paradise Jackpot Progressive Baccarat casino Table Game
On August 6th, 2008, casino games manufacturer and supplier Paradise Entertainment Limited announced that their subsidiary, LT Macau Limited, has an agreement with the Sociedeade De Jogos De Macau, S.A. (SJM) to manage a casino establishment at the San Kin Yip Commercial Center, which will help the group's expansion of the Macau electronic gambling market.
In December 2007, the group and SJM opened the world's first e-casino Paradise Entertainment Casino at the 3rd floor of the San Kin Yip Commercial Center. With the immense success of the business model, the casino facility has expanded to occupy five floors of the San Kin Yip and solidify the partnership between the organization and SJM.
The facility, which is located near the Lisboa Hotel and Casino and opposite of the Wynn Macau Resort, the Paradise Entertainment Casino, which is in its final phase of renovation, has a gaming area of 172,820 square feet. It also showcases 730 electronic table terminals and slot machines and eighty casino games, including the well-known Paradise Jackpot Progressive Baccarat casino table game.
The casino decided to install the baccarat tables because a lot of their customers like the game. According to the partnership, LT Macau will be entitled to fifty-five percent of the net win produced by the casino table games and forty percent of the net win produced from the slot machines, while SJM will be responsible for paying the special gambling tax amounting to forty percent to the total net win of the casino. LT Macau will pay the rental expenses, labor expenses and other operating expenses that will be incurred by SJM.
Mr. Jay Chun, Chairman and Managing Director of Paradise Entertainment Limited said that they are very happy to work with SJM and they expect a lot from the partnership. He added that the new Paradise Casino is loaded with games like the Progressive Baccarat game. This will also improve the revenue stream of the company and solidify their presence in Macau.
Thursday, August 21, 2008