Paradise Entertainment Limited provided group earnings guidance for the year ending December 31, 2016. The group is expected that it will record a substantial loss for the year ending December 31, 2016 as compared to the loss of approximately HKD 149 million in the corresponding period in 2015. The expected loss for the year ending December 31, 2016 is mainly attributable to the 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 335 million.