Feb 02, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck  
Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported casino revenue of nearly KRW48.65 billion (US$39.8 million) for January 2023, according to a Thursday filing to the Korea Exchange.
The January casino revenue figure represented a sequential increase of 3.9 percent, and an increase of 168.2 percent from the same month a year ago.
Of January’s tally, table game revenue accounted for nearly KRW45.13 billion, up by 2.9 percent month-on-month and 179.0 percent year-on-year.
Machine-game revenue in January was nearly KRW3.53 billion, up by 18.2 percent month-on-month, and 79.5 percent year-on-year.
In January, the firm’s casino table ‘drop’ – the amount paid by customers to purchase chips – was KRW476.34 billion, up 1.8 percent sequentially and up 286.1 percent from the prior-year period.
The figures are based on Paradise Co’s casino business division, consisting of Walkerhill in Seoul; its Jeju property; its Busan casino; and its invesment at Paradise City, Incheon.
Apr 25, 2024
Apr 22, 2024
Apr 25, 2024
Apr 25, 2024
Apr 25, 2024
Macau casino operator Galaxy Entertainment Group Ltd has announced Capella Hotels and Resorts as its brand partner for a new ultra-luxury hotel tower (pictured) at the Galaxy Macau resort, in the...(Click here for more)
"The travel demand for May Golden Week looks solid to us, which means good foot traffic in Macau"
Jeffrey Kiang
Analyst at brokerage CLSA