Paradise Co. sees sales jump almost 20%

Paradise City Casino remained shut for many days in September.
Paradise City Casino remained shut for many days in September.

Gaming sales improved in September compared to August but remained down 70 per cent year-to-year.

South Korea.- South Korean operator Paradise Co. has reported a 19.2 per cent monthly increase in sales for September.  

Total sales were KRW20.61 billion (US$17.7 million), mostly at foreigner-only casinos operated by the firm.

Year-on-year, revenue remained down by 71.7 per cent due to the continued impact of the pandemic. Sales in August has been down by 75 per cent year-on-year.  

Revenue from table games rose 22 per cent from August to KRW18.81 billion (US$16.2 million), but sales were down 72.7 per cent compared to to September 2019.  

Slot machine sales reached KRW1.80 billion (US$1.6 million), 54.7 per cent below figures for 2019, and 5 per cent below August 2020.  

As a whole, Paradise Co.’s revenue is down 54 per cent year-on-year for the first nine months of 2020 at KRW261 billion (US$224 million).

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Paradise Co. sales south korea