{"id":15429,"date":"2021-03-03T14:55:58","date_gmt":"2021-03-03T14:55:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15429"},"modified":"2026-04-23T21:24:18","modified_gmt":"2026-04-24T00:24:18","slug":"paradise-co-february-sales-down-36-5","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-february-sales-down-36-5","title":{"rendered":"Paradise Co February sales down 36.5%"},"content":{"rendered":"\n

Financial results show a 36.5 per cent month-on-month drop in casino sales for the South Korean operator, Paradise Co.<\/p>\n\n\n\n\n\n\n\n

South Korea.- The casino operator Paradise Co. has reported February sales of KRW17.38bn (US$15.5m)<\/strong>, a 36.5 per cent decline from January, which saw sales of KRW27.3bn (US$24.5m).<\/p>\n\n\n\n

The company has been heavily affected by the Covid-19 pandemic<\/strong> due to the absence of international visitors.<\/p>\n\n\n\n

The foreigner-only casino operator saw sales fall by 36.2 per cent from December to January<\/a><\/em>.<\/strong><\/p>\n\n\n\n

Compared to February 2020, sales were down by 72.9 per cent. Sales for the first two months of 2021 were down by 67 per cent year-on-year to KRW44.75bn (US$39.9m)<\/strong>.<\/p>\n\n\n\n

However, table drop in February was down only 6.2 per cent<\/strong> compared against January to KRW119.06bn (US$106.1m).<\/p>\n\n\n\n

The company operates four casinos: Walkerhill in Seoul, Jeju Grand on Jeju Island, Busan Casino in Busan and Paradise City in Incheon.<\/p>\n\n\n\n

Paradise Co recently reported a full-year net loss of KRW109.85bn (US$98.4m) for 2020<\/a><\/em>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Financial results show a 36.5 per cent month-on-month drop in casino sales for the South Korean operator, Paradise Co.<\/p>\n","protected":false},"author":176,"featured_media":15430,"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 foreigner-only casino operator, reported a 36.5% month-on-month decline in February sales to KRW17.38bn, alongside a 72.9% year-on-year drop. This significant downturn, attributed to the Covid-19 pandemic and lack of international tourism, follows a full-year net loss of KRW109.85bn in 2020.","focusai_entities":"Paradise Co.","focusai_location":"South Korea, Seoul, Jeju Island, Busan, Incheon","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Recovery Strategy?","query":"What specific operational and marketing strategies is Paradise Co. implementing to mitigate the ongoing impact of reduced international tourism and stimulate GGR recovery in its foreigner-only casino vertical?"},{"label":"Capital Structure Impact?","query":"How will the sustained GGR decline and significant net loss impact Paradise Co.'s capital structure, liquidity, and potential for future capital expenditure or M&A activities?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23907,1705],"class_list":["post-15429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-land-based-casino","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15429","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15429"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15429\/revisions"}],"predecessor-version":[{"id":15448,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15429\/revisions\/15448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15430"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}