Published
Land-BasedCasinoIndustry

Paradise Co earned KRW20.61bn in September sales

Paradise Co., an operator of foreigner-only casinos in South Korea, reported an improvement of sales for September. The casino recorded KRW20.61bn ($17.7m), which is a 19% improvement compared to KRW17.29bn in August, but a 72% drop from KRW72.91bn sales in September 2019. 

paradisesouthkorea

Table game revenue was KRW18.8bn, up by 22% from the previous month, but still a 73% year-on-year decline from KRW68.94bn. Machine game revenue dropped by 5% month-on-month to KRW1.80bn. The table drop for the month of September was KRW135.8bn, a 10% increase from August but a 73% year-on-year decline. 

Casino revenue for the first nine months was KRW261bn, a 54% decline compared to the last year. For the same period, total table game revenue was KRW241.30bn, a 55% drop from 2019, and machine game revenue was down by 41% to KRW19.73bn. 

The financial information was based on the Walker-hill, Jeju Grand, Paradise City and Busan casinos and make up 80% of the group’s consolidated sales. The group had to close its casinos on March 23, Jeju Grand reopened on April 13, the other three casinos resumed work on April 20. Paradise City was closed again in September when some workers were tested positive for COVID-19, but it reopened a week later.  


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Relax Gaming
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...