{"id":10667,"date":"2020-10-06T22:09:05","date_gmt":"2020-10-06T22:09:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=10667"},"modified":"2026-04-24T01:13:55","modified_gmt":"2026-04-24T04:13:55","slug":"paradise-co-sees-sales-jump-almost-20","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-sees-sales-jump-almost-20","title":{"rendered":"Paradise Co. sees sales jump almost 20%"},"content":{"rendered":"\n<p>Gaming sales improved in September compared to August but remained down 70 per cent year-to-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South\u00a0Korea.-\u00a0South Korean operator Paradise Co. has reported a 19.2 per cent monthly increase in sales for September.\u00a0\u00a0<\/p>\n\n\n\n<p>Total sales were\u00a0KRW20.61 billion (US$17.7 million), mostly at foreigner-only casinos operated by the firm.<\/p>\n\n\n\n<p>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 <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-sales-down-75-in-august\" target=\"_blank\">75 per cent year-on-year.<\/a><\/em><\/strong>\u00a0\u00a0<\/p>\n\n\n\n<p>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.\u00a0\u00a0<\/p>\n\n\n\n<p>Slot machine sales reached\u00a0KRW1.80 billion (US$1.6 million),\u00a054.7 per cent below figures for 2019, and 5 per cent below August 2020.\u00a0\u00a0<\/p>\n\n\n\n<p>As a whole, Paradise Co.\u2019s revenue is down 54 per cent year-on-year for the first nine months of 2020 at KRW261 billion (US$224 million).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gaming sales improved in September compared to August but remained down 70 per cent year-to-year.<\/p>\n","protected":false},"author":2,"featured_media":10669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Paradise Co., a South Korean operator of foreigner-only casinos, reported a 19.2% month-on-month sales increase in September to KRW20.61 billion, primarily driven by table games. Despite this sequential improvement, year-on-year revenue remained down by 71.7% for September and 54% for the first nine months of 2020, underscoring the severe and persistent impact of the global pandemic on its GGR.","focusai_entities":"Paradise Co.","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Q4 Outlook","query":"What are the projected GGR and NGR recovery trajectories for Paradise Co. in Q4 2020, considering potential shifts in international travel restrictions and regional competitive dynamics?"},{"label":"Operational Adjustments","query":"How is Paradise Co. adapting its operational expenditure and marketing strategies to mitigate the sustained revenue decline, particularly within its foreigner-only casino segment?"}],"footnotes":""},"categories":[161,16338,163],"tags":[1705,20100,152],"class_list":["post-10667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-paradise-co","tag-sales","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10667"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10667\/revisions"}],"predecessor-version":[{"id":10675,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10667\/revisions\/10675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10669"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}