South Korea: Paradise revenues up despite Coronavirus

Casino operators reports 16.2 per cent revenue increase to €48.4 million despite deadly virus impacting the global gaming industry.

South Korea.- Paradise Co Ltd has revealed casino revenue increased 16.2 per cent year-on-year in February, reaching KRW64.3 billion (€48.4 million).

The improvement was driven mainly driven by table games revenue, and came despite the on going Coronavirus crisis impacting Asia and the rest of the world.

Grand Korea Leisure said its casino sales in February rose 38.1 percent year-on-year to KRW44 billion (€33 million), also driven by table games revenue.

However, the company has closed several non-gaming facilities in response to the government’s efforts to contain the spread of the Coronavirus. 

In addition, South Korea’s only locals permitted casino resort, Kangwon Land has been closed since February 23 and will not reopen until March 9 at the earliest.