{"id":24352,"date":"2021-11-09T11:30:48","date_gmt":"2021-11-09T14:30:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24352"},"modified":"2026-04-23T14:00:40","modified_gmt":"2026-04-23T17:00:40","slug":"paradise-co-posts-operating-profit-of-us4-09m-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-posts-operating-profit-of-us4-09m-for-q3","title":{"rendered":"Paradise Co posts operating profit of US$4.09m for Q3"},"content":{"rendered":"\n<p>Paradise Co has revealed an operating profit of KRW4.81bn (US$4.09m) for the third quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- The casino operator<strong>\u00a0<\/strong><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-sales-drop-14-in-q2\">Paradise Co<\/a>\u00a0has shared its financial results for the third quarter of the year, reporting positive earnings before interest, taxation, depreciation and amortisation (EBITDA) thanks to significant cost savings.<\/p>\n\n\n\n<p>For the third quarter, t<strong>he company registered EBITDA of nearly KRW29.65bn<\/strong>, compared to negative EBITDA of KRW5.23bn in the previous year. The company posted a net loss of KRW10.58bn for the quarter of the year, which was narrowed from a net loss of KRW31.99bn in Q3 2020.<\/p>\n\n\n\n<p>Casino sales were up 12.1 per cent year-on-year and 47 per cent sequentially to KRW44.96bn. <strong>Paradise City&#8217;s venue at Incheon registered casino sales of KRW31.12bn<\/strong>, up 123.4 quarter-on-quarter and up 105.7 per cent when compared to Q3 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Paradise Co revenue up 125.1% in October<\/h2>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-revenue-up-125-1-in-october\">Paradise Co<\/a><strong>\u00a0reported that revenue for October was up 125.1<\/strong>\u00a0per cent month-on-month from KRW9.55bn (US$8.04m) to KRW21.35bn (US$18.1m. Table revenue grew from KRW7.84bn to KRW19.65bn, up 153 per cent when compared to September but down 3.7 year-on-year.<\/p>\n\n\n\n<p><strong>Machine game revenue<\/strong>&nbsp;reached almost KRW1.70bn, down 1 per cent when compared to the previous month (KRW1.72bn) and down 13 per cent year-on-year.<\/p>\n\n\n\n<p>In September,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-revenue-down-84-in-september\" rel=\"noreferrer noopener\">Paradise Co<\/a>&nbsp;revenue plummeted 84 per cent month-on-month due to restrictions related to the Covid-19 pandemic. For the first ten months of the year,&nbsp;<strong>Paradise Co\u2019s revenue was&nbsp;<\/strong>KRW209.9bn, down 25.7 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paradise Co has revealed an operating profit of KRW4.81bn (US$4.09m) for the third quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":20202,"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 an operating profit of KRW4.81bn (US$4.09m) for Q3, alongside positive EBITDA of KRW29.65bn, primarily driven by significant cost savings. The casino operator also narrowed its net loss to KRW10.58bn and saw casino sales increase 12.1% year-on-year, with October revenue up 125.1% month-on-month despite ongoing pandemic restrictions.","focusai_entities":"Paradise Co, Paradise City","focusai_location":"South Korea, Incheon","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q3 EBITDA Drivers?","query":"Beyond general cost savings, what specific operational efficiencies or shifts in player demographics contributed to Paradise Co's significant Q3 EBITDA turnaround?"},{"label":"Recovery Trajectory Outlook?","query":"Given the sequential revenue growth and narrowed net loss, what is Paradise Co's projected timeline for returning to pre-pandemic GGR and NGR levels, particularly concerning VIP segment recovery and inbound tourism?"}],"footnotes":""},"categories":[16338,163,158],"tags":[1705],"class_list":["post-24352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24352","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=24352"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24352\/revisions"}],"predecessor-version":[{"id":24375,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24352\/revisions\/24375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20202"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}