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Paradise, GKL show mixed sales data for June

South Korea’s main foreigner-only casinos saw mixed results in June, with Paradise Co. reporting declining revenue from the prior month and Grand Korea Leisure a strong increase.

Korea casino sales improve in May, Jeju Dream Tower says outlook upbeat

Monthly sales figures for South Korea’s foreigner-only casinos improved in May and the outlook for hard-hit Jeju is also picking up as Covid restrictions are lifted.

Paradise Co. to benefit most from Japan-Korea travel resumption

South Korean casino operator Paradise Co. is set to be one of the key beneficiaries from a reopening of air- travel between Korea and Japan, given their historic reliance on Japanese tourists, says Shinhan Investment Corp. analyst Ji InHae. 

Paradise Co. shed Gangnam office building in March

South Korean casino operator Paradise Co. reportedly sold one of its office buildings in Gangnam in March in order to bolster liquidity amidst falling revenues from its gaming business. 

South Korea opens up visa-free travel to Jeju, Seoul, and Gangwon

South Korea is set to reinstate visa-free tourism to Jeju and Yangyang starting in June, allowing foreign travelers to stay in the country legally for 30 days without a visa. 

Paradise Co. April sales drop 7.5 percent

Paradise Co., which operates foreigner-only casinos in South Korea, said April sales declined 7.5 percent from the prior month, though its Jeju Grand property improved. 

Paradise March casino sales up 11.8%, lag GKL

South Korea’s Paradise Co. posted an 11.8 percent gain in March casino sales from the prior month, though the figure was 15.8 percent lower than last year and lagged far behind Grand Korea Leisure’s performance.

Paradise Co. sales fall 5.7% year-on-year in February

Paradise Co, which runs four foreigner-only casinos in South Korea, reported a 5.7 percent year-on-year fall in casino sales in February 2022. 

Paradise Co 4Q21 casino sales fell 9.9%, but saw strong hotel performance

South Korean casino operator Paradise Co. reported a 7.1 percent uptick in sales in 4Q21, supported mainly by a 57.3 percent increase in hotel sales. 

Paradise Co. Jan. sales drop 39% from prior month

Paradise Co., which runs four foreigner-only casinos in South Korea, reported a 39 percent drop in casino sales in January from the prior month.