{"id":20107,"date":"2021-07-09T12:48:18","date_gmt":"2021-07-09T12:48:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20107"},"modified":"2026-04-23T17:45:03","modified_gmt":"2026-04-23T20:45:03","slug":"paradise-city-non-gaming-facilities-reopening-may-be-delayed","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-city-non-gaming-facilities-reopening-may-be-delayed","title":{"rendered":"Paradise City non-gaming facilities reopening may be delayed"},"content":{"rendered":"\n

Paradise City in Incheon, South Korea, was planning to reopen its non-gaming facilities from July but an outbreak in Covid-19 cases could delay its plans again.<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0Paradise City<\/a>\u00a0casino resort hoped\u00a0to resume non-gaming activities in July after a year of closure.<\/strong>\u00a0However, a test reopening has been cancelled due to Level 4 social distancing rules <\/strong>introduced by the government amid a rise in Covid-19 cases.<\/p>\n\n\n\n

The casino operator said it will make a decision next week on its slated July 16<\/strong> opening<\/strong>. The casino operator has been struggling with a\u00a0lack of tourists and a drop in visits<\/strong>\u00a0to\u00a0casino venues<\/a>\u00a0due to the Covid-19 pandemic. The Ministry of Health reported 1,316 new Covid-19 cases<\/strong> in the last 24 hours.<\/p>\n\n\n\n

Paradise Co<\/a>\u00a0posted losses of KRW18.2bn (US$16.2m) for the first quarter of the year.\u00a0Casino sales<\/strong>\u00a0for the first quarter reached\u00a0KRW30.2bn<\/strong>, down 60.2 per cent when compared to 2020 but up 51.4 per cent sequentially.\u00a0<\/p>\n\n\n\n

EBITDA was KRW12.9bn, up 76.3 per cent when compared to the previous quarter (KRW7.3m) but down 59 per cent year-on-year.<\/p>\n\n\n\n

Paradise Co June revenue up 6.1 per cent<\/strong><\/h2>\n\n\n\n

The casino operator\u00a0<\/strong>reported that revenue for June was up 6.1 per cent month-on-month from KRW13.88bn (US$12.5m) to KRW16.05bn (US$14.2m).\u00a0Revenue was up 6.1 per cent<\/strong>\u00a0year-on-year<\/p>\n\n\n\n

Table revenue was up 16.6 per cent month-on-month and 14.6 per cent year-on-year to nearly KRW13.90bn.\u00a0Machine 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.\u00a0Table revenue is down 47.3 per cent\u00a0<\/strong>and machine game revenue 16.5 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paradise City in Incheon, South Korea, was planning to reopen its non-gaming facilities from July but an outbreak in Covid-19 cases could delay its plans again.<\/p>\n","protected":false},"author":176,"featured_media":20108,"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 City in Incheon, South Korea, faces further delays in reopening its non-gaming facilities due to new Level 4 social distancing rules implemented amidst a surge in COVID-19 cases. This operational impediment follows Paradise Co's reported Q1 losses of KRW18.2bn and a significant 45.2% year-on-year decline in H1 aggregate casino revenue, despite some sequential and month-on-month improvements in June's gaming revenue performance.","focusai_entities":"Paradise City, Paradise Co, Ministry of Health","focusai_location":"South Korea, Incheon","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Reopening Impact Analysis","query":"What is the projected financial impact on Paradise Co's Q3 and Q4 performance if the Level 4 social distancing measures in South Korea extend beyond the current timeframe, specifically concerning non-gaming revenue streams and overall GGR?"},{"label":"Regional Market Outlook","query":"How do the current regulatory and public health challenges in South Korea compare to other key Asian gaming markets, and what implications does this have for regional capital deployment strategies by integrated resort developers?"}],"footnotes":""},"categories":[157,16338,158],"tags":[21639,1705],"class_list":["post-20107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-paradise-city","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20107","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=20107"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20107\/revisions"}],"predecessor-version":[{"id":20119,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20107\/revisions\/20119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20108"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}