Paradise Co casino sales down 5.9% in February

The company reported casino sales of KRW17.07bn for February.
The company reported casino sales of KRW17.07bn for February.

Paradise Co has reported that casino sales declined 5.9 per cent month-on-month from KRW18.19bn (US$15.2m) to KRW17.07bn (US$14.2m).

South Korea.- The South Korean casino operator Paradise Co has revealed that casino sales declined 5.9 per cent in February when compared to January, from KRW18.19bn (US$15.2m) to KRW17.07bn (US$14.2m). The figure was also down 5.7 per cent when compared to last year.

Table game sales were down 4.9 per cent month-on-month from KRW16.22bn to KRW15.38bn and down 4.1 per cent year-on-year. Machine game sales were down 13.6 per cent mont-on-month from KRW1.97bn to KRW1.70bn and down 17.7 per cent year-on-year.

Table drop (the amount customers pay to buy chips at the table) fell 14.6 per cent month-on-month and 11.5 per cent year-on-year to KRW105.38bn.

In 2021, casino revenue was down 25.7 per cent in 2021 when compared to the previous year, falling from KRW335.97bn to KRW249.76bn (US$208.8m).

In January, South Korean authorities decided to strengthen countermeasures due to the Covid-19 Omicron variant and entertainment venues including casinos were ordered to operate at a limited capacity and with social distancing measures for at least three weeks.

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Paradise Co.