Paradise Sept. revenue flat

Paradise Co., which runs foreigner-only casinos in South Korea, reported flat September revenue, though for the first nine months of the year, sales have risen 17 percent.

According to a filing with the South Korean Stock Exchange, total sales for the month were KRW53 billion ($47.1 million), up 0.9 percent. Table games revenue slipped 1 percent to KRW49.5 billion, while machine revenue was up 37.4 percent to KRW31.9 billion.

For the year to end-September, total casino sales were KRW462.4 billion, with table games revenue up 16.9 percent and machine revenue gaining 17.7 percent.

Paradise runs the Walker-hill, Jeju Grand, and Busan Casino, as well as the country’s first IR Incheon Paradise City, which is a joint venture with Japan’s Sega Sammy.

Total table games drop was up 6 percent in September to KRW489 billion from the same month the prior year, but down slightly from August. In the nine month period, table drop gained 12.4 percent.

The company provides no commentary with its monthly sales reports. Last year, South Korea’s foreigner-only casinos were hit hard by a travel ban by China on tour groups to the country. The ban was imposed in retaliation for Seoul’s decision to deploy a U.S. anti-missile system.

SHARE
Previous articleMelco recognized in Forbes Travel Guide 2018
Next articleAnother illegal casino busted in Yokohama’s Naka Ward

Related Articles

Paradise City and Kangwon Land extend closures over Covid-19

Paradise City and Kangwon Land extend closures over Covid-19

Paradise City in Incheon and Kangwon Land in Gangwon Province have separately announced that they are extending closures of their casino business due to the spread of Covid-19 infection in South Korea. Since the beginning of September, a total of six Covid-19 infections have been discovered at Paradise City, complicating the firm’s efforts to reboot […]

Paradise City casino closure extended as more Covid-19 cases discovered

The three-day closure of Paradise City’s casino as a result of a Covid-19 infection of a staff member has been extended until at least September 7 as three more employees have tested positive for the coronavirus. The three additional cases were discovered through testing on Wednesday and complicate the company’s plan to institute thorough disinfection […]

Covid-19 case forces temporary closure of Paradise City

Paradise City in Incheon has been hit by a Covid-19 case among a staff member, forcing the facility to shut down on September 1 for several days while emergency disinfection measures are carried out. The infected worker was a chef at a Chinese restaurant within the facility, but did not have interactions with customers. The […]

Paradise City opens outdoor swimming pool

As it attempts to ramp up its business and to recover from the Covid-19 slump, Paradise City has announced that it is opening an outdoor swimming pool for its guests. Social distancing measures are to be kept in effect, with sun chairs spaced widely around the pool, and water quality checks conducted three times a […]

Paradise City launches exclusive Wonderbox campaign

As a measure to recover business as well as adapt to Covid-19 era realities, Paradise City is launching a special campaign at its new Wonderbox indoor theme park. The program will allow customers to rent out the entire facility for exclusive use, which could then be used for elaborate birthday parties or marriage proposals or […]