Paradise Co: June revenue down 81%

Sales in June were down by 81 per cent compared to 2019 figures despite signs of recovery in May.

South Korea.- Casino operator Paradise Co saw a new drop in revenue in June despite signs of recovery in May.

In June revenue fell by 80.8 per cent year-on-year, and by 53.6 per cent from May this year. Sales totalled KRW13.8 billion ($11.5 million).

According to AGBrief, table game revenue was down 82.2 per cent year-on-year at KRW12.1 billion (US$10.08 million). Gaming machine revenue dropped 56.2 per cent to KRW1.69 billion (US$1.4 million).

In May the numbers had looked healthier. A 51 per cent year-on-year drop still meant a major upswing from April, when the operator’s four casinos had to close due to Covid-19 measures.

Total sales for the first half of the year were KRW205.8 billion (US$171.7 million), 41.4 per cent less than in the first half of 2019.