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Paradise Co records 162 percent yearly casino revenue increase in February


Foreigner-only South Korean casino operator Paradise Co. has reported a 162.7 percent yearly increase in casino revenue for February, totaling KRW44.67 billion ($34.06 million). The figure, however, is a 7.2 percent drop from that recorded in January.

Table games revenue made up the majority, at KRW42.31 billion ($32.26 million), a yearly increase of 176.4 percent, while a monthly drop of 5.1 percent.

Machine revenue totaled just KRW2.35 billion ($1.79 million) during the month, up 38.7 percent yearly and down 33.2 percent monthly.

Table game drop during the month reached KRW362.47 billion ($276.3 million), down 23.9 percent monthly but rising by 244 percent yearly.

Paradise Co. operates casinos in its Walker-hill, Jeju, Incheon Paradise City and Busan Casino properties.

Just two weeks ago, the group published its 4Q22 results, showing a KRW3.91 billion ($3.09 million) loss – a strong reversal from the $36.64 million loss recorded in 4Q21.

Casino sales for the full year amounted to KRW190.58 billion ($148.46 million), up 17 percent year-on-year.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.