Korea’s Paradise Co books 11.8% increase in casino revenue in March

April 7, 2022 Korea Earnings & Filings

Korean foreigner-only casino operator Paradise Co saw casino revenue increase 11.8% month-on-month to KRW19.02 billion (US$15.6 million) in March. However, the figure represented a 15.8% decline on the KRW22.60 billion (US$18.6 million) in revenue reported in March 2021.

In details filed with the Korea Exchange earlier this week, Paradise’s March 2022 figures included a 10.4% sequential increase in table game revenue to KRW16.90 billion (US$13.9 million) and a 24.8% increase in machine revenue to KRW2.12 billion (US$1.7 million).

Table drop in March was 23.7% higher than in February at KRW130.38 billion (US$107.1 million).