• 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 down 56pct m-o-m in July

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


Paradise Co casino revenue down 56pct m-o-m in July

Casino revenue at Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, declined by 56.3 percent month-on-month in July, and by 60.0 percent judged year-on-year.

The decline coincided with an uptick in Covid-19 infections in South Korea, a situation that at the end of July resulted in the authorities introducing so-called “Level 4″ social distancing protocols – the highest state of alert – for the Seoul and Incheon areas, two important operating markets for Paradise Co.

The company’s July casino revenue was nearly KRW6.95 billion (US$6.04 million) versus KRW15.89 billion in June, according to Paradise Co’s filing to the Korea Exchange on Monday. The group’s casino revenue in July 2020 had been KRW17.36 billion.

Table revenue declined by 63.4 percent month-on-month this July, to KRW5.03 billion, from KRW13.74 billion in June. Judged year-on-year, July table revenue represented a decrease of 67.3 percent from the KRW15.40 billion achieved in July 2020.

Machine-game revenue this July reached nearly KRW1.92 billion, a decline by 10.9 percent from the previous month. This July’s result was down 2.2 percent on the nearly-KRW1.96 billion generated from that segment in July 2020.

Paradise Co’s aggregate casino revenue for the first seven months of 2021 was just above KRW119.51 billion, down 46.4 percent year-on-year on the nearly KRW223.16 billion in the same period of 2020. Table revenue for the January to July period was KRW105.84 billion, a decline of 48.9 percent on the KRW207.12 billion in the same period last year.

Table drop – the amount of cash exchanged for chips by customers at the table – declined by 26.2 percent month-on-month in July, to KRW143.64 billion, relative to the KRW194.77 billion in June.

July’s year-on-year table drop performance was however up 13.0 percent on the KRW127.15 billion in July 2020.

The figures are based on the casino-business division comprising Paradise Walkerhill, in South Korea’s capital Seoul; Jeju Grand on Jeju island; Paradise City (pictured) at Incheon outside Seoul; and Busan Casino in the southern port city of the same name.

The group’s casino business division occupied 73.9 percent of consolidated sales and 97.7 percent of separated sales in 2020.

In mid-July, Paradise Co had reopened some previously-paused non-gaming facilities at Paradise City.


  • tweet
Related articles
  • S.Korea casino op GKL’s January sales up 230pct y-o-y
    S.Korea casino op GKL’s January...

    Feb 03, 2023  

  • Paradise Co January casino revenue jumps  y-o-y
    Paradise Co January casino revenue...

    Feb 02, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
  • Macau early Feb average daily GGR higher than Jan: JPMMacau early Feb average daily GGR higher than Jan: JPM February 6, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us