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13 May, 2021 | Land-BasedCasinoFinancial

Paradise Co narrows loss to $16.2m for Q1 2021

Paradise Co has reported a loss of KRW18.2bn ($16.2m) for Q1 2021, against a loss of KRW67.5bn recorded for Q4 2020. Paradise is one of two foreign player-only casino operators in South Korea and the drop in figures is directly related to travel restrictions due to the ongoing Covid-19 pandemic. The company’s Q1 casino sales were KRW37.9bn, a 52% year-on-year drop; it also shows a 31% quarter-on-quarter decline. Comparing sequential quarte...
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