Paradise Co. to benefit most from Japan-Korea travel resumption

South Korean casino operator Paradise Co. is set to be one of the key beneficiaries from a reopening of air travel between Korea and Japan, given their historic reliance on Japanese tourists, says Shinhan Investment Corp. analyst Ji InHae.

“Compared with other domestic casinos, Paradise had relied heavily on inbound travel from Japan before the pandemic, with Japanese visitors accounting for roughly 35 percent of total VIP drop and more than 40 percent of total table drop including mass customers in 2019.,” wrote Ms. Ji in an article featured on Business Korea.

“Travelers coming in from Japan had helped to offset the decline in Chinese VIP visitors amid China’s casino crackdown.”

Source: https://agbrief.com/news/south-korea/11/05/2022/paradise-co-to-benefit-most-from-japan-korea-travel-resumption/