{"id":19806,"date":"2021-07-02T16:16:28","date_gmt":"2021-07-02T16:16:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19806"},"modified":"2026-04-23T17:59:30","modified_gmt":"2026-04-23T20:59:30","slug":"paradise-co-revenue-up-16-1-in-june","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-revenue-up-16-1-in-june","title":{"rendered":"Paradise Co revenue up 16.1% in June"},"content":{"rendered":"\n

Paradise Co has shared its financial results for June, reporting a 6.1 per cent rise in casino revenue from the previous month.<\/p>\n\n\n\n\n\n\n\n

South Korea.- The casino operator\u00a0Paradise Co has reported that revenue for June was up 6.1 per cent<\/strong>\u00a0month-on-month from KRW13.88bn (US$12.5m) to KRW16.05bn (US$14.2m).\u00a0Revenue was also up 6.1 per cent<\/strong>\u00a0year-on-year.<\/p>\n\n\n\n

In June table revenue was up 16.6 per cent month-on-month and 14.6 per cent year-on-year to nearly\u00a0KRW13.90bn. Machine game revenue<\/strong>\u00a0reached almost KRW2.15bn, up 12.6 per cent from May and 26.8 per cent year-on-year.<\/p>\n\n\n\n

Aggregate casino revenue during the first half of the year stands at KRW112.72bn, down 45.2 per cent from KRW205.80bn when compared to 2020. Table revenue is down 47.3 per cent\u00a0<\/strong>and machine game revenue 16.5 per cent.<\/p>\n\n\n\n

The amount of cash exchanged for chips by customers at the table in June rose 43.1 per cent month-on-month. In May,\u00a0revenue fell 6.1 per cent down<\/a>\u00a0when compared to April, mainly due to the impact of the Covid-19 pandemic.<\/p>\n\n\n\n

During the first quarter of the year, Paradise Co<\/a> revealed a loss of KRW18.2bn (US$16.2m)<\/strong>, compared to a net loss of KRW67.5bn during the last three months of 2019.<\/p>\n\n\n\n

Paradise Co sales fell 7.1 per cent quarter-on-quarter<\/strong> to KRW96.6bn while casino sales came in at KRW96.6bn<\/strong>, down 31.1 per cent sequentially and 51.6 per cent year-on-year.<\/p>\n\n\n\n

Paradise City to resume non-gaming attractions<\/h2>\n\n\n\n

Paradise City<\/a>, the Paradise Co venue in Incheon, expects to resume\u00a0non-gaming attractions this month after a year of closure.<\/strong>\u00a0It will reopen its spa and the indoor theme park, Wonderbox.<\/p>\n\n\n\n

The company said: \u201cWe will do our best to ensure safety <\/strong>and quarantine so that you can enjoy fun in Paradise City in the coming summer with confidence. The re-opening of Wonderbox will be a signal to target domestic travel <\/strong>demand in earnest.\u201d<\/p>\n\n\n\n

The casino operator has been struggling with a lack of tourists and a drop in visits<\/strong> to casino venues<\/a> due to the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paradise Co has shared its financial results for June, reporting a 6.1 per cent rise in casino revenue from the previous month.<\/p>\n","protected":false},"author":176,"featured_media":19807,"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 6.1% month-on-month increase in June casino revenue, reaching KRW16.05bn, primarily driven by table game performance. Despite this short-term uplift, H1 2021 aggregate casino revenue remains down 45.2% year-on-year due to the persistent impact of the COVID-19 pandemic. Strategically, Paradise City is set to resume non-gaming attractions to target domestic travel demand and mitigate operational losses.","focusai_entities":"Paradise Co, Paradise City","focusai_location":"South Korea, Incheon","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.85)","focusai_suggestions":[{"label":"H2 Revenue Projections?","query":"Given the June revenue uplift and the strategic reopening of non-gaming attractions, what are Paradise Co's revised GGR and NGR projections for H2 2021, and what specific operational levers are expected to drive this growth?"},{"label":"Domestic Market Strategy?","query":"How will the reopening of non-gaming attractions at Paradise City specifically target and convert domestic travel demand into increased casino visitation and spend, and what marketing strategies are being deployed to achieve this?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,1705],"class_list":["post-19806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19806","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=19806"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19806\/revisions"}],"predecessor-version":[{"id":19833,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19806\/revisions\/19833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19807"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}