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

Paradise Co casino revenue stable month-on-month in Aug

Sep 07, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck  


Paradise Co casino revenue stable month-on-month in Aug

Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, said in a Monday filing that its August casino revenue had been stable judged month-on-month. August casino revenue was KRW17.30 billion (US$14.6 million), versus KRW17.39 billion in July, down 0.5 percent sequentially.

Judged year-on-year, the August number dipped 75.0 percent, from the KRW69.08 billion achieved in August 2019.

July had seen a 26.3-percent sequential improvement in such revenue.

Table-game revenue this August at Paradise Co was flat month-on-month, at just under KRW15.41 billion, but 76.6 percent down on August 2019’s nearly KRW65.74 billion.

Machine-game revenue last month was nearly KRW1.90 billion, a decline sequentially of 3.3 percent, versus the close to KRW1.96 billion in July. Measured year-on-year, this August’s machine-game revenue was down 43.4 percent on the monthly tally of nearly KRW3.35 billion in 2019.

The latest data took Paradise Co’s 2020 casino revenue for the calendar year to August 31 to almost KRW240.44 billion, down 51.4 percent on the KRW494.25 billion achieved in the same time span in 2019.

The year to August-end table-game revenue was down 52.1 percent year-on-year, at KRW222.50 billion, versus KRW464.67 billion.

Machine-game revenue for the first eight months of 2020 was down 39.4 percent, at KRW17.93 billion, versus nearly KRW29.58 billion a year earlier.

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

Paradise Co confirmed in a Friday announcement that the casino at Paradise City is currently closed indefinitely.

South Korean media outlets said a key reason was that Covid-19 infection was found recently in two casino workers. A total of six resort workers – four in non-gaming roles – had been detected with the sickness as of Friday, according to local media.

Paradise City is a venture between Paradise Co and Japanese entertainment conglomerate Sega Sammy Holdings Inc.


  • tweet
Related articles
  • Macau Covid-19 case no bar to mainland travel ties
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  

  • Half Kangwon Land staff on mandatory leave until Jan 31
    Half Kangwon Land staff on mandatory...

    Jan 22, 2021  

More news
  • Casino op Silver Heritage gets new board of directors
    Casino op Silver Heritage gets new...

    Jan 25, 2021  

  • Digital yuan eventually for Macau mass bets mulls Bernstein
    Digital yuan eventually for Macau mass...

    Jan 22, 2021  


Latest News

Casino op Silver Heritage gets new board of directors

Casino op Silver Heritage gets new board of directors

Jan 25, 2021  

The administrators of Australia-listed casino operator Silver Heritage Group Ltd said in a Friday filing that they had “returned” control of the company to a new slate of directors, following the...
Read More
Digital yuan eventually for Macau mass bets mulls Bernstein

Digital yuan eventually for Macau mass bets mulls Bernstein

Jan 22, 2021  

Macau Covid-19 case no bar to mainland travel ties

Macau Covid-19 case no bar to mainland travel ties

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Macau Covid-19 case no bar to mainland travel tiesMacau Covid-19 case no bar to mainland travel ties January 22, 2021
  • Melco likely to take on more debt for expansion: Moody’sMelco likely to take on more debt for expansion: Moody’s January 20, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us