Paradise Co Ltd, an operator in South Korea of foreigner-only gaming venues, said its casino sales in November rose 11.6 percent year-on-year to KRW80.33 billion (US$54.7 million). Judged sequentially, such sales grew 10.6 percent, the firm stated in a Tuesday filing to the Korea Exchange.
Paradise Co’s table-game sales in November were KRW76.35 billion, up 13.1 percent from the prior-year period and an 12.7-percent increase from October.
Machine-game sales last month declined 10.5 percent year-on-year to nearly KRW3.98 billion. That tally was also down 18.3 percent sequentially.
The November “table drop” – the amount paid by patrons to purchase gaming chips – amounted to KRW600.72 billion, up by 3.8 percent year-on-year, though down 1.4 percent from October.
The company’s operations include Paradise City at Incheon (pictured in file photo), a casino resort jointly run with Japanese entertainment conglomerate Sega Sammy Holdings Inc.
Paradise Co also operates gaming facilities at Walkerhill in Seoul, in the southern port city of Busan, and on the semi-autonomous holiday island of Jeju.
For the first 11 months this year, Paradise Co recorded casino sales of KRW825.68 billion, up 10.2 percent from a year ago.
Its casino sales from operations at Paradise City amounted to KRW441.41 billion, up 16.6 percent year-on-year. That was the largest individual contribution to group-wide casino sales in the January to November period, according to the firm’s supplementary data.
The latest results took Paradise Co’s aggregate table drop for the first 11 months of this year to nearly KRW6.55 trillion, up 3.5 percent year-on-year.
