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2017 Inside Asian Gaming Power 50: Number 42 - Jay Chun

Monday, 04 December 2017 22:47
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42 Jay Chun

CHAIRMAN AND MANAGING DIRECTOR
Paradise Entertainment Group

POWER SCORE
603

LAST YEAR
33

CLAIMS TO FAME
• Founder of Macau gaming equipment manufacturer LT Game
• Changed the face of Macau’s casino floors with his Live Multi Game Machines

It hasn’t gone quite to plan for Paradise Entertainment Group in 2017. In October, the company’s best opportunity to expand its casino operations by buying Macau’s Hotel Lan Kwai Fong fell through at the final hour, to be snapped up instead by former Legislative Assembly member Chan Meng Kam. Around the same time, Paradise released financial results that revealed revenue from its once flourishing gaming systems segment had plummeted 46% for the first nine months of the year to HK$131.8 million.

Yet company Chairman Jay Chun isn’t backing away from his grand plans, claiming in the aftermath that Paradise will aggressively look for expansion opportunities in the future. And if anyone has earned the right to dream big, it is Chun.

A man with many hats, Chun was appointed chairman of Paradise – of which he owns a 59% stake – in 2002 where his day to day responsibilities include managing Macau’s Kam Pek Paradise Casino and the Macau Jockey Club.

He is founder of the Macau Gaming Equipment Manufacturers Association (MGEMA) and is the man behind MGS Entertainment Show (formerly Macao Gaming Show), which celebrated its fifth anniversary in November.

However, it was a simple observation he made during the early days of liberalization that would change the face of gaming floors across Macau. Noting the incredible pace with which new casinos were being built, Chun came to the conclusion that a dealer shortage in Macau was inevitable and from here the concept of Live Multi Game Machines was born.

Featuring a single live dealer table surrounded by scores of individual betting terminals, Live Multi Game Machines also provided a solution to Macau’s government-imposed table cap.

An instant hit when the first machines were rolled out under Paradise subsidiary LT Game in 2008, Live Multi Game has gone on to revolutionize Macau’s casino industry.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

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