Paradise Co. sales fall 5.7% year-on-year in February

Casino operator Paradise Co, which runs four foreigner-only casinos in South Korea, reported a 5.7 percent year-on-year fall in casino sales in February 2022. 

The group reported revenue of KRW17.96 billion (US$14.9 million), down from KRW18.1 billion in the prior year period.

Table games revenue fell year-on-year slightly to KRW15.4 billion, whilst slot revenue fell to KRW1.7 billion from KRW2.1 billion in the year prior. 

The figures are also slightly down from January 2022 across the board.

Paradise runs the Paradise Walker Hill casino in Seoul as well as the Jeju Grand and Paradise Busan. It also runs the Paradise City integrated resort in a joint venture with Japan’s Sega Sammy.

Since January, Paradise Co’s casinos have not reported any rolling chip turnover from its junket program.