Casino revenue at South Korea’s foreigner-only casino operator Paradise Co Ltd rose 33.9 percent year-on-year in March, according to a Tuesday filing by the company to the Korea Exchange.
Such revenue was approximately KRW52.19 billion (US$49.5 million), compared to about KRW38.97 billion in March last year.
March 2018 table revenue rose 35.1 percent year-on-year to nearly KRW48.75 billion.
Paradise Co’s machine revenue jumped 18.9 percent in March this year, to KRW3.44 billion.
No commentary on the reasons for year-on-year revenue fluctuations is given in the company’s monthly updates.
For the first quarter of 2018, Paradise Co’s aggregate casino revenue was up 19.9 percent from the prior-year period, to approximately KRW149.37 billion.
Table revenue for the calendar year to March 31 increased 19.3 percent year-on-year, to about KRW138.57 billion. Machine revenue for the first three months this year was up 26.8 percent, to nearly KRW10.80 billion.
Table drop – the amount of cash exchanged for chips by customers at the table – for the first quarter of 2018 rose 20.0 percent year-on-year, to just over KRW1.36 trillion.
Paradise Co’s latest casino figures are based on the results of four venues it operates in its casino business division. They are: Walkerhill in Seoul; Jeju Grand on Jeju Island; Busan Casino in the southern port city of Busan; and Paradise City (pictured), in Incheon, near the main international airport serving the country’s capital Seoul.
Apr 20, 2018Macau’s Judiciary Police said on Friday that a male Macau resident had been detained for alleged involvement in giving false information designed to attract public subscribers to a cryptocurrency...
Apr 20, 2018
Apr 20, 2018
Jan 04, 2018BMM Testlabs “ticks all the boxes” with regard to its...
Dec 08, 2017The regulated casino industry is well versed in dealing...
Oct 23, 2017The presence of some of the leading cloud computing...
Jul 11, 2017The Tokyo local election setback for Japan’s governing...
Jul 06, 2017A multibillion U.S. dollar casino project on Vietnam’s...
”We do not believe that reopening the advance notice nomination deadline [for board directors] is appropriate or justified”
Daniel Boone Wayson
Chairman of the Wynn Resorts board of directors