• 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 reports 14-pct fall in May casino sales

Jun 06, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


Paradise Co reports 14-pct fall in May casino sales

South Korean casino operator Paradise Co Ltd reported a 14.3 percent year-on-year fall in casino sales in May, to KRW59.86 billion (US$51.2 million).

Judged month-on-month, May casino sales were up 6.7 percent compared to April.

The year-on-year decline in casino sales was caused by a 14.8 percent decrease in table game sales during the month of May, to KRW56.68 billion. Machine game sales fell 2.6 percent to approximately KRW3.18 billion, the firm said in a filing to the Korea Exchange.

Paradise Co currently operates a network of five foreigner-only casinos located in three major cities in South Korea and on the country’s holiday island of Jeju.

The firm is also constructing a foreigner-only casino resort called Paradise City, in Incheon, near the main international airport serving the country’s capital Seoul. The scheme is scheduled to open in April 2017.

In May the table drop recorded by Paradise Co in its current operations – the amount of cash exchanged for chips by customers at casino tables – fell by 18.6 percent year-on-year to KRW411.55 billion. Judged month-on-month, table drop was down 0.9 percent in May.

Across the first five months of 2016, table drop fell 8.0 percent year-on-year, to nearly KRW2.06 trillion.

The May casino sales result means that in the five months to May 31, Paradise Co’s casino sales were down 6.0 percent year-on-year, to approximately KRW253.91 billion. Table game sales were down 5.7 percent year-on-year in the first five months of 2016, while machine game sales declined by 11.2 percent.

The casino operator recorded a 62.1-percent fall in net profit in the first quarter of 2016.


  • tweet
Related articles
  • South Korea key source of Vietnam tourists Jan-Nov
    South Korea key source of Vietnam...

    Dec 06, 2023  

  • Ben Toh COO of SJM Resorts, Christopher Ip CFO at parent
    Ben Toh COO of SJM Resorts, Christopher...

    Dec 06, 2023  

More news
  • Star Sydney has 6mths to regain licence, risks closure: report
    Star Sydney has 6mths to regain...

    Dec 06, 2023  

  • Lessons from NSW cashless gaming trial: Aristocrat CEO
    Lessons from NSW cashless gaming trial:...

    Dec 06, 2023  


Latest News

Star Sydney has 6mths to regain licence, risks closure: report

Star Sydney has 6mths to regain licence, risks closure: report

Dec 06, 2023  

Australian casino operator The Star Entertainment Group Ltd has been given a “six-month deadline” to regain the licence for its flagship Sydney casino, or face the possibility...
Read More
Lessons from NSW cashless gaming trial: Aristocrat CEO

Lessons from NSW cashless gaming trial: Aristocrat CEO

Dec 06, 2023  

South Korea key source of Vietnam tourists Jan-Nov

South Korea key source of Vietnam tourists Jan-Nov

Dec 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$250 million

Las Vegas Sands intends to pay to increase its shareholding in Macau casino operator Sands China by nearly 1.2 percent



Most Popular

  • Sands China ties to China’s Tencent Video, Maoyan EntSands China ties to China’s Tencent Video, Maoyan Ent December 4, 2023
  • Room for Macau casino industry top-line growth: CitiRoom for Macau casino industry top-line growth: Citi December 4, 2023
  • Macau 4Q mass GGR might rise 10pct q-o-q: JP MorganMacau 4Q mass GGR might rise 10pct q-o-q: JP Morgan December 5, 2023
  • Ben Toh COO of SJM Resorts, Christopher Ip CFO at parentBen Toh COO of SJM Resorts, Christopher Ip CFO at parent December 6, 2023
  • Soil remediation work starts at MGM Osaka siteSoil remediation work starts at MGM Osaka site December 5, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us