in September<\/a><\/em><\/strong>.<\/p>\n\n\n\nThe previous month saw the closure of one of the operator’s four casinos between September 1 and September 9.\u00a0\u00a0<\/p>\n\n\n\n
In a year where Paradise Co.\u2019s finances have been hit by the pandemic and subsequent travel restrictions,\u00a0October\u2019s sales remained 72.2 per cent below October 2019.\u00a0\u00a0<\/p>\n\n\n\n
For the first 10 months of the year, sales reached KRW283.30bn (US$250.28m),\u00a0a decrease of 56.3 per cent year-on-year.\u00a0<\/p>\n\n\n\n
Table game revenue accounted for over 91 per cent of the operator\u2019s casino sales in October, reaching KRW20.41bn (US$18m), up 9.1 per cent on September.\u00a0<\/p>\n\n\n\n
Machine game revenue was KRW1.95bn (US$1.7m), up 8.6 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Revenues climbed 9 per cent month-on-month in October.<\/p>\n","protected":false},"author":2,"featured_media":11474,"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 reported a 9% month-on-month increase in casino sales for October, reaching KRW22.36bn (US$19.7m), primarily driven by table game revenue. Despite this sequential improvement, year-on-year sales remained significantly depressed by 72.2% compared to October 2019, reflecting the ongoing impact of the pandemic and associated travel restrictions on the South Korean integrated resort market.","focusai_entities":"Paradise Co","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Outlook","query":"What is Paradise Co's projected GGR trajectory for Q4, considering the persistent travel restrictions and potential for further sequential growth in the South Korean market?"},{"label":"Market Recovery Drivers","query":"Beyond the sequential improvement, what specific market or operational factors are critical for Paradise Co to mitigate the substantial year-on-year GGR decline and achieve sustainable recovery?"}],"footnotes":""},"categories":[16338,163],"tags":[1705,20100,152],"class_list":["post-11471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","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\/11471","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=11471"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11471\/revisions"}],"predecessor-version":[{"id":11483,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11471\/revisions\/11483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11474"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}