Daily Asia Gaming eBrief: Paradise Jan. casino sales up 30%, topping $65M
The year is starting off well for gaming operators, as evidenced by January gaming results. In Korea, Paradise Co saw a 30 percent yearly increase in casino sales, topping $65 million. State-run Grand Korea Leisure trailed, with just a 6.5 percent yearly uptick, to $25 million. Looking to the Philippines, the country is wary of returning to the FATF grey list but, given the recent corruption scandal, its upcoming evaluation is likely to be less focused on casinos. Meanwhile, China saw lottery sales hit a new record last year, at $904 billion, despite slowing growth.
Good Morning. The year is starting off well for gaming operators, as evidenced by January gaming results. In Korea, Paradise Co saw a 30 percent yearly increase in casino sales, topping $65 million. State-run Grand Korea Leisure trailed, with just a 6.5 percent yearly uptick, to $25 million. Looking to the Philippines, the country is wary of returning to the FATF grey list but, given the recent corruption scandal, its upcoming evaluation is likely to be less focused on casinos. Meanwhile, China saw lottery sales hit a new record last year, at $904 billion, despite slowing growth.
The foreigner-only market was active in January in South Korea, setting a positive tone for the rest of the year. Paradise Co. saw a 30.4 percent increase in casino sales year-on-year, topping $65.23 million. Table games continue to be the main driver, but machine game revenue also performed well on a yearly basis. Gaming activity was centered around the group’s Incheon and Seoul properties – Paradise City and Walkerhill.
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