Paradise Co. sees 31.3% increase in casino revenue

South Korean foreigner-only casino operator Paradise Co. reported a rise in casino revenue to KRW71.9bn (US$51.3m) in November, reflecting a 31.3 per cent year-on-year increase and a 15.5 per cent rise compared to August.

The growth was primarily driven by the table gaming segment, with revenue from gaming tables increasing by 34.2 per cent year-on-year to KRW67.5bn ($48.2m). In contrast, revenue from machines remained stable at KRW4.4bn ($3.2m), showing a slight 0.7 per cent decrease from November last year.

Casino revenues for the period from January to November were up 10.1 per cent year-on-year, totaling KRW748.2bn ($533.8m). This growth was supported by a 9.9 per cent increase in table gaming revenue, which reached KRW699.9bn ($499.3m), and a 12.4 per cent rise in machine segment revenue, which totaled KRW48.3bn ($34.5m).

The company operates several prominent casinos, including Walkerhill, Jeju, Incheon Paradise City and Busan Casino.

Source: Asia Gaming Brief