• 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

S. Korea’s Paradise Co casino sales dip 16 pct in Nov

Dec 04, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


S. Korea’s Paradise Co casino sales dip 16 pct in Nov

Casino sales at South Korean casino operator Paradise Co Ltd fell 16.0 percent year-on-year in November. Judged month-on-month, the decline was 24.8 percent, said a filing to the Korea Exchange on Friday.

Such sales amounted to approximately KRW50.48 billion (US$43.6 million) in November, compared to nearly KRW67.13 billion in October. In November 2014, casino sales for the group were KRW60.09 billion

Table game sales accounted for nearly 93 percent of the group’s total casino sales in November, at approximately KRW46.81 billion. Table sales fell 26.9 percent month-on-month and 18.3 percent year-on-year.

But gaming machine sales rose 17.8 percent sequentially in November, to nearly KRW3.67 billion. The tally was a 31.8 percent improvement from the equivalent month in 2014.

For the 11 months to November 30, the group’s total casino sales were down 13.8 percent year-on-year, to KRW528.40 billion. In the prior-year period the tally was KRW612.67 billion.

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

A number of investment analysts have highlighted that 16 out of South Korea’s 17 casinos are limited to serving foreigners only, pointing out that mainland Chinese players are a key target market for the foreigners-only venues.

In October, Reuters news agency reported – quoting China’s state television – that mainland Chinese police had arrested 13 foreigners and several Chinese agents inside China for activities related to recruitment of Chinese citizens for the purposes of gambling in South Korean casinos.

In August, mainland China news outlet China News Service reported that China’s Ministry of Public Security had started an operation called “Chain Break” – said to be aimed at disrupting foreign casinos’ access to money flows from China and those casinos’ links to individuals that scout for gamblers from China.


  • tweet
Related articles
  • Kangwon 2021 average bet 61pct above foreigner casinos
    Kangwon 2021 average bet 61pct above...

    Jul 01, 2022  

  • GKL says no biz lift soon from S.Korea-Japan travel easing
    GKL says no biz lift soon from...

    Jul 01, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
  • Macau drops 48hr nucleic acid test for casino staff, guestsMacau drops 48hr nucleic acid test for casino staff, guests June 30, 2022
  • GKL says no biz lift soon from S.Korea-Japan travel easingGKL says no biz lift soon from S.Korea-Japan travel easing July 1, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us