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Paradise City gaming rev down 30 pct in May

South Korean casino operator Paradise Co. reported a 30.4 percent decline in gaming revenue in the month of May, reaching KRW 41.6 billion (US$37.1 million).

Table game revenue was down 30.9 percent to KRW 39 billion, while machine gaming was down 20.3 percent to KRW 2.54 billion.

May was also the first full month of operation of the company’s $1.1 billion, mass-market oriented property, Paradise City Integrated Resort, which opened on April 20, 2017.

Analysts earlier expressed concerns about the prospects for the South Korean market given China's crackdown on marketing to its citizens and some travel restrictions.

Bloomberg Intelligence analyst Margaret Huang noted in April that Paradise City may face difficulties due to a ban on Chinese tour groups to the country.

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Sales of lottery tickets in South Korea saw a near record high in 2017, according to comments from the country’s lottery operator on Wednesday.

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Kangwon Land saw a 10.2 percent decrease in gross gaming revenue for the three months ended September 30, 2017.