HomeNewsSouth KoreaParadise Co. records a 31.5% drop in March gaming revenue

Paradise Co. records a 31.5% drop in March gaming revenue

By Viviana Chan

April 3, 2024

South Korean foreigner-only casino operator, Paradise Co., reported a 31.5 percent drop in casino gaming revenue on a month-to-month basis in March, totaling KRW 54.98 billion ($40.7 million).

The decrease in revenue is mainly attributed to a sharp drop in table games from February.

According to the company’s latest update, table games revenue fell by 32.8 percent monthly to KRW 50.92 billion ($37.7 million), while machine revenue saw a 10.2 percent decrease to KRW 4.1 billion ($3 million).

On a year-over-year basis, the company’s gaming revenue for March experienced an increase of 31.3 percent.

Table gaming showed a 33.1 percent increase compared to the same month in 2023, while machine gaming revenue also rose 11.9 percent year-over-year.

Paradise Co. specializes in operating foreigner-only casinos, including Walker-Hill, Jeju, Incheon Paradise City, and Busan Casino.

Last update: 3 April 2024, 06:33 pm

Viviana Chan https://agbrief.com/

Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.