South Korean casino operator Paradise Co is expected to record a consolidated operating loss of KRW14.9 billion ($13.3 million) in the first quarter of 2021, according to analysts from Shinhan Investment Corp.
Casino sales are expected to be KRW98.7 billion, down 46.6 percent year-on-year.
“Foreigners currently residing in Korea are the only source of casino sales for Paradise, with no visitors coming from China and Japan, the main customer base for foreigner-only casinos, due to the two-week mandatory quarantine for all arrivals in Korea.”
Futurist and entrepreneur Earle Hall, CEO of AXES reflects on the sixteen predictions made nearly 12 months ago during the AGB Webinar: Life After Covid-19, which looked at how business and personal and work-life would change as a result of the pandemic.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.