Operator reveals that full year 2019 revenues rose 23.4% on 2018<\/p>\n\n\n\n\n\n\n\n
Korea.- Paradise Co, one of the biggest casino operators in Korea<\/strong><\/em>, has revealed full year revenues increased 23.4% year on year in 2019. According to official reports, revenues rose to KRW 784.81 billion (\u20ac602.6 million), up from the KRW 636.04 billion (\u20ac486.8 million) posted 12 months earlier.<\/p>\n\n\n\n The company operates four casinos: Paradise City, Paradise Walkerhill, Jeju Grand and Busan Casino. December revenues from all of its properties gave the company a strong finish to the year with an increase of KRW70.38 billion resulting in 28.3% year on year growth for the month. <\/p>\n\n\n\n Analysts said the increase came mostly from table games, which grew 24.7% to KRW740.07 billion (\u20ac54 million), comprising 94.3% of casino revenues across the board for the year.<\/p>\n\n\n\n Slot machine revenue grew 5.0% year-on-year to KRW44.74 billion (\u20ac34 million).<\/p>\n\n\n\n Paradise Co\u2019s table drop grew 16.4% in 2019 to KRW6.76 trillion (\u20ac5.19 billion), despite a 4.7% fall in table drop in December to KRW498.58 billion (\u20ac382 million).<\/p>\n","protected":false},"excerpt":{"rendered":" Operator reveals that full year 2019 revenues rose 23.4% on 2018<\/p>\n","protected":false},"author":2,"featured_media":1953,"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 prominent South Korean casino operator, reported a 23.4% year-on-year revenue increase for 2019, reaching KRW 784.81 billion. This robust growth was primarily driven by a 24.7% rise in table game revenues, which constituted 94.3% of total casino revenues, alongside a 16.4% increase in table drop. The strong performance across its four properties underscores a healthy demand within its core gaming verticals.","focusai_entities":"Paradise Co","focusai_location":"Korea, Jeju, Busan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Table Game Revenue Drivers","query":"What specific factors, such as VIP program efficacy, junket performance, or high-roller visitation trends, contributed to the significant 24.7% growth in table game revenues for Paradise Co in 2019?"},{"label":"Market Share Implications","query":"How does Paradise Co's 23.4% revenue growth in 2019 compare to the overall market growth rate for the South Korean casino sector, and what are the implications for its competitive positioning?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[29,152],"class_list":["post-1941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-casino","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1941","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=1941"}],"version-history":[{"count":13,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1941\/revisions"}],"predecessor-version":[{"id":777018370,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1941\/revisions\/777018370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/1953"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}