South Korea’s Paradise Co. said Q1 casino sales plunged by 51.6 percent due to a lack of international visitation, though its loss narrowed from the prior quarter due to cost cuts.
Casino revenue fell to KRW37.86 billion from a year earlier, while the net loss was KRW26.25 billion, from KRW80.63 billion in Q4.
Paradise runs foreigner-only casinos – Paradise Walker Hill, Paradise Busan and Paradise Jeju, as well as the Paradise City integrated resort in Incheon.
Written by
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.
More from AGBrief Editorial →
