• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Paradise Co casino revenue dips 6pct m-o-m in May

Jun 02, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck  


Paradise Co casino revenue dips 6pct m-o-m in May

Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, says its monthly casino revenue fell 6.1 percent sequentially in May.

Such revenue was KRW13.88 billion (US$12.5 million) versus KRW14.78 billion in April. The May 2021 number was also 53.4 percent lower than a year ago, according to Paradise Co’s latest filing.

Foreigner-only casino operations in South Korea continue to face headwinds as a result of measures to counter Covid-19 across the country. Steps include so-called social distancing protocols nationwide and restrictions on inbound travel applicable to non-nationals or non-residents.

Paradise Co’s gaming operations are at: Walkerhill in Seoul; Jeju Grand on Jeju Island; Busan Casino in the southern port city of Busan; and Paradise City (pictured in a file photo), at Incheon, near the main international airport serving the country’s capital Seoul.

In May, the firm saw its table revenue at KRW11.97 billion, down 7.9 percent on the KRW13 billion achieved in April. That May tally was still 56.1 percent down on the nearly KRW27.28 billion managed in May 2020.

The May machine-game revenue was nearly KRW1.9 billion, slightly up 7.3 percent sequentially but down 23.1 percent on the KRW2.48 billion achieved in May last year.

The May figures took the casino sales revenue tally for first five months of this calendar year to nearly KRW96.73 billion, down 49.6 percent on the almost KRW191.97 billion achieved in the first five months of 2020.

The table-revenue tally for the first five months of 2021 was approximately KRW87.11 billion, a decline of 51.5 percent on the almost KRW179.59 billion recorded in January to May inclusive last year.

The calendar-year machine-game revenue to May 31 was KRW9.61 billion, a decline of 22.4 percent versus the KRW12.38 billion managed in the same period last year.

Paradise Co’s table drop amount – the cash exchanged for chips by customers at the table – decreased 17.8 percent month-on-month in May, to nearly KRW136.10 billion, from KRW165.63 billion in April. This May’s performance was also down 27.1 percent in table drop as compared to the KRW186.58 billion garnered in May last year.

For January to May inclusive, Paradise Co’s table drop tally was down 51.7 percent year-on-year, at nearly KRW679.08 billion, from nearly KRW1.41 trillion a year earlier.


  • tweet
Related articles
  • Macau 2022 visitor tally 5.7mln, lowest in over 20 years
    Macau 2022 visitor tally 5.7mln, lowest...

    Jan 20, 2023  

  • Cotai table minimum bets better than expected: MS
    Cotai table minimum bets better than...

    Jan 16, 2023  

More news
  • Public poll shows fears on POGOs, says Philippine lawmaker
    Public poll shows fears on POGOs, says...

    Jan 27, 2023  

  • Nearly 70k visitors to Macau on 6th day of CNY break
    Nearly 70k visitors to Macau on 6th day...

    Jan 27, 2023  


Latest News

Public poll shows fears on POGOs, says Philippine lawmaker

Public poll shows fears on POGOs, says Philippine lawmaker

Jan 27, 2023  

A Philippine lawmaker says public opinion on Philippine Offshore Gaming Operators (POGOs) would be an important factor when he and colleagues draft a Senate committee report on the economic and...
Read More
Nearly 70k visitors to Macau on 6th day of CNY break

Nearly 70k visitors to Macau on 6th day of CNY break

Jan 27, 2023  

Monster Superlanche ups player fun, says Pragmatic Play

Monster Superlanche ups player fun, says Pragmatic Play

Jan 26, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


384,600

Aggregate number of visitors to Macau during the first six days of the Chinese New Year holiday break



Most Popular

  • LVS flags strong recovery in Macau, capacity bottlenecksLVS flags strong recovery in Macau, capacity bottlenecks January 26, 2023
  • Macau visitor tally tops 318k in first 5 days of CNY breakMacau visitor tally tops 318k in first 5 days of CNY break January 26, 2023
  • CNY may deliver 50pct pre-Covid mass GGR in Macau: JPMCNY may deliver 50pct pre-Covid mass GGR in Macau: JPM January 25, 2023
  • 71pct of Sands China licence spend for venues says parent71pct of Sands China licence spend for venues says parent January 26, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us