Paradise Co Ltd, an operator in South Korea of foreigner-only gaming venues, reported casino sales of nearly KRW94.27 billion (US$65.0 million) in January, a 31.4-percent increase from a year ago.
Judged sequentially, such sales grew 26.7 percent, the firm stated in a Tuesday filing to the Korea Exchange.
Paradise Co’s table-game sales last month were KRW89.17 billion, up 32.9 percent from the prior-year period, and a 29.6-percent increase from December.
Machine-game sales in January rose 9.4 percent year-on-year to KRW5.09 billion. That tally was however down 8.8 percent sequentially.
The January “table drop” – the amount paid by patrons to purchase gaming chips – amounted to KRW632.60 billion, up 9.2 percent year-on-year, and 5.0-percent higher than in December.
The company’s operations include Paradise City at Incheon, a casino resort jointly run with Japanese entertainment conglomerate Sega Sammy Holdings Inc.
Paradise Co also operates gaming facilities at Walkerhill (pictured in file photo) in Seoul, in the southern port city of Busan, and on the semi-autonomous holiday island of Jeju.
Revenue from operations at Paradise City amounted to KRW51.95 billion, up 47.4 percent year-on-year. That was the largest individual contribution to group-wide casino sales in the reporting period, according to the firm’s supplementary data.
