Paradise gaming revenue jumps 13.5 pct y-o-y


Paradise Co. Ltd., a foreigner-only casino operator in South Korea, recorded a 13.5 per cent increase in gaming revenue year-on-year in February 2017, according to a filing from the company with the Korea Stock Exchange.
In February 2017, Paradise Co. Ltd. raked in 42.62 billion won (MOP296.78 million/US$37.10 million) in gaming revenue, down 3.4 per cent, however, as compared to 44.12 billion won in January.
According to the filing, table game revenue made up nearly 40 billion won of the company’s total casino revenue in the month, which increased by 14.7 per cent year-on-year, yet decreased by 2.7 per cent as compared to one month earlier.
Gaming revenue of the company for the months of January and February totalled 86.7 billion won, a decrease of 7.7 per cent from 93.9 won one year ago.
The figures reported comprise the company’s casino business division, which includes Walker-hill in Seoul, Jeju Grand in Jeju Island, Incheon Casino on the outskirts of Seoul, and Busan Casino in Busan.