Paradise Co reports net loss of $53m for Q4 2020

Paradise Co, a foreigner-only casino operator in South Korea, has reported a net loss of KRW59.2bn ($52.8m) for Q4 2020. Full-year net loss stood at KRW109.8bn, a major step back from a profit of KRW15.1bn reported for the year of 2019. Sales for Q4 2020 were KRW104.6bn, a 61% year-on-year drop from, while casinos earned KRW54.9bn for the quarter and KRW16bn came in from hotels. Annual sales fell by 54% to KRW454.4bn. In 2020, casinos brought ...