South Korean casino operator, which runs four foreigner-only casinos — Walker-hill, Jeju Grand, Incheon Paradise City and Busan Casino. Paradise City is a joint venture with Japan’s Sega Sammy and was the country’s first true IR.
Paradise Co., which operates foreigner-only casinos in South Korea, reported a 31.6 percent gain in November sales, driven by table games.
South Korea’s only locals-permitted casino, Kangwon Land, reported positive results in 19Q3, driven by an uptick in sales, though its foreigner-only peers saw mixed results. According to local reports, Kangwon Land’s third-quarter net profit reached KRW 128.6 billion (US$111 million), increasing 37.9 percent. Operating profit for the period was KRW139.2 billion, up 12.3 percent year-on-year. […]
Paradise Co. said gross gambling revenue rose 15.4 percent in October from the same period a year earlier, led by strong growth in gaming machines.
Paradise Co., which operates foreigner-only casinos in South Korea, posted a wider Q2 loss although revenue gained.
Paradise Co, which operates four casinos in South Korea, reported a 19 percent gain in July revenue, driven by table games.
South Korea’s foreigner-only casinos posted strong revenue growth in 2018, gaining 34 percent over the prior year, according to figures from the country’s National Gambling Control Commission.
Casino revenue for South-Korean operator Paradise Co Ltd rose 18.5 percent year-on-year in May, driven by a continued surge in table game revenue. Said revenue reached KRW 61.4 billion (US$52 million), compared to KRW 51.8 billion in May 2018. In a filing to the Korean Stock Exchange, Paradise said that table games revenue was the […]
South Korea wants to turn the area near Incheon International Airport into a version of Manila’s Entertainment City, but its vision is at risk from competition from Japan.