• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

S. Korea’s Paradise Co casino revenue up 15pct in Oct

Nov 04, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck  


S. Korea’s Paradise Co casino revenue up 15pct in Oct

South Korean gaming operator Paradise Co Ltd says its casino revenue for October rose by 15.4 percent year-on-year, to KRW80.90 billion (US$69.7 million). Judged month-on-month, last month’s casino revenue increased by 11.0 percent compared to September, according to a Monday filing.

The year-on-year increase in casino revenue was helped by a 14.6-percent rise in table game revenue during the month of October, to about KRW76.92 billion. Machine game revenue jumped by 34.3 percent year-on-year, to approximately KRW3.98 billion, the firm said in a filing to the Korea Exchange.

No commentary on the reasons for revenue fluctuations is given in the company’s monthly updates.

Paradise Co said casino revenue for the first 10 months of 2019 rose by 22.3 percent year-on-year, to about KRW648.06 billion.

Table game revenue for the period was up 23.3 percent to about KRW610.53 billion, while machine game revenue increased by 7.4 percent to almost KRW37.53 billion.

Paradise Co’s figures are based on gaming at four properties. The casino at each one is only permitted to serve foreign customers. The venues are: Walkerhill (pictured in a file photo) in Seoul; the Jeju Grand, on Jeju island; Busan Casino in the southern port city of Busan; and Paradise City, at Incheon, close to the country’s main international airport serving the capital, Seoul. The latter gaming venue is promoted in partnership with a unit of Japanese entertainment conglomerate Sega Sammy Holdings Inc.

Table drop – the amount of cash exchanged for chips at the firm’s gaming tables – was almost KRW5.75 trillion in the first 10 months of 2019, 20.7 percent higher than in the prior-year period.

Paradise Co reported in August a second-quarter net loss amounting to KRW2.06 billion. For the first six months of 2019, the firm recorded an accumulated loss of approximately KRW9.59 billion, it said.


  • tweet
Related articles
  • Mohegan names Hanwha contractor, ops partner in S. Korea
    Mohegan names Hanwha contractor, ops...

    Dec 06, 2019  

  • S. Korea’s Paradise Co Nov casino revenue up 32pct
    S. Korea’s Paradise Co Nov casino...

    Dec 04, 2019  

More news
  • Macau’s Taipa to Cotai light rail open for service Dec 10
    Macau’s Taipa to Cotai light rail...

    Dec 06, 2019  

  • Okura hotel at RW Manila likely end 1Q2020 launch: firm
    Okura hotel at RW Manila likely end...

    Dec 06, 2019  


Latest News

Macau’s Taipa to Cotai light rail open for service Dec 10

Macau’s Taipa to Cotai light rail open for service Dec 10

Dec 06, 2019  

The Taipa to Cotai section of Macau’s Light Rapid Transit (LRT) system (pictured in a file photo) is to be officially launched for passengers on Tuesday (December 10). Rides on the route will be...
Read More
Okura hotel at RW Manila likely end 1Q2020 launch: firm

Okura hotel at RW Manila likely end 1Q2020 launch: firm

Dec 06, 2019  

Interviews

  • Nagasaki fully backs Sasebo IR location: vice governor
    Nagasaki fully backs Sasebo IR location: vice governor

    Nov 06, 2019  

    A senior official of Japan’s Nagasaki prefecture has...
  • NagaCorp open to new development opportunities: chairman
    NagaCorp open to new development opportunities: chairman

    Jul 15, 2019  

    Hong Kong-listed casino operator and developer NagaCorp Ltd...
  • Casino logistics provider TKHS aims for global footprint
    Casino logistics provider TKHS aims for global footprint

    Jul 12, 2019  

    Asia-based casino logistics provider TKHS Group has plans...
  • Nagasaki official hopes for casino RFC phase by autumn
    Nagasaki official hopes for casino RFC phase by autumn

    Jul 04, 2019  

    Japan’s Nagasaki prefecture and Sasebo city aspire to...
  • Macau Legend Laos expansion soft launch early 2020: exec
    Macau Legend Laos expansion soft launch early 2020: exec

    Jun 12, 2019  

    Hong Kong-listed casino services firm Macau Legend...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We received … positive feedback from partners, visitors and exhibitors, encouraging our consideration for the next edition”

Josephine Lee

Chief operating officer of Reed Exhibitions Greater China, organiser of the G2E Asia @ the Philippines



Most Popular

  • Macau’s Taipa to Cotai light rail open for service Dec 10Macau’s Taipa to Cotai light rail open for service Dec… December 6, 2019
  • Melco poised for face check gantries at casino entry pointsMelco poised for face check gantries at casino entry points December 5, 2019
  • Galaxy Ent Boracay project might have chance: PagcorGalaxy Ent Boracay project might have chance: Pagcor December 4, 2019
  • Okada Manila to add condos, group to foray into medical fieldOkada Manila to add condos, group to foray into medical… December 5, 2019
  • Okura hotel at RW Manila likely end 1Q2020 launch: firmOkura hotel at RW Manila likely end 1Q2020 launch: firm December 6, 2019
Copyright 2014-2019 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us