Paradise Co has shared its financial results for September, revealing that casino revenue was down 84 per cent month-on-month to KRW9.55bn (US$8.04m).<\/p>\n\n\n\n\n\n\n\n
South Korea.- The casino operator\u00a0Paradise Co has reported that revenue for September was\u00a0<\/strong>down 84 per cent month-on-month from KRW59.49bn (US$51.4m) to KRW9.55bn (US$8.04m). Revenue was down 53.6 per cent when compared to 2020.<\/p>\n\n\n\n The company posted an 86.4 per cent decline in table revenue from KRW57.49bn to KRW7.84bn when compared to August. The figure was down 58.3 per cent year-on-year.<\/p>\n\n\n\n Machine game revenue<\/strong>\u00a0reached almost KRW1.72bn, down 13.9 per cent from August and down 4.5 per cent when compared to 2020.<\/p>\n\n\n\n For the first nine months of the year, Paradise Co\u2019s revenue was <\/strong>KRW188.71bn, down 27.7 when compared to the same period in 2020 when it reached KRW261.04bn. Between January and September, table revenue was down 29.0 per cent <\/strong>to KRW171.31bn.<\/p>\n\n\n\n Machine-game revenue for the first nine months of the year was down 11.9 per cent compared to 2020, coming in at KRW17.39bn. In August,\u00a0casino revenue<\/a>\u00a0rocketed 762.1 per cent month-on-month to KRW59.49bn (US$51.4m) as in July the company had been affected by\u00a0Covid-19 restrictions<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Paradise Co has shared its financial results for September, revealing that casino revenue was down 84 per cent month-on-month to KRW9.55bn (US$8.04m).<\/p>\n","protected":false},"author":176,"featured_media":20326,"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 significant 84% month-on-month decline in September casino revenue to KRW9.55bn, following an exceptional August rebound. This downturn, also reflecting a 53.6% year-on-year decrease, was primarily driven by an 86.4% drop in table game revenue, with COVID-19 restrictions cited as a prior impact factor.","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 (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Outlook?","query":"What are Paradise Co's projections for Q4 GGR, considering the volatility observed in Q3 and the potential for continued COVID-19 related operational constraints?"},{"label":"Table Game Strategy?","query":"How does Paradise Co plan to mitigate the significant decline in table game revenue, and what strategic adjustments are being considered for this core gaming vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,1705],"class_list":["post-23276","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\/23276","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=23276"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23276\/revisions"}],"predecessor-version":[{"id":23283,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23276\/revisions\/23283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20326"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}