Macau-based casino operator and electronic gaming machine manufacturer Paradise Entertainment Limited has entered into an agreement to purchase six units of warehouse space on the Macau Peninsula for a total consideration of HK$128.5 million.

In a filing to the Hong Kong Stock Exchange, the company said it currently leases warehouse space for the storage of its electronic gaming machines, equipment and spare parts but that the acquisition of the purchased space would reduce ongoing rental payments for inventory storage.

Paradise is best known for the manufacture and supply of Live Multi-Game terminals throughout Macau as well as providing casino management services at two casinos – Kam Pek and Waldo.