{"id":27769,"date":"2022-03-03T07:43:59","date_gmt":"2022-03-03T10:43:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27769"},"modified":"2026-04-23T10:49:55","modified_gmt":"2026-04-23T13:49:55","slug":"paradise-co-casino-sales-down-5-9-in-february","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-sales-down-5-9-in-february","title":{"rendered":"Paradise Co casino sales down 5.9% in February"},"content":{"rendered":"\n<p>Paradise Co has reported that casino sales declined 5.9 per cent month-on-month from KRW18.19bn (US$15.2m) to KRW17.07bn (US$14.2m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- The South Korean casino operator\u00a0<strong>Paradise Co\u00a0<\/strong>has revealed that casino sales declined 5.9 per cent in February\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-sales-down-39-in-january\" target=\"_blank\">when compared to January<\/a>,\u00a0from KRW18.19bn (US$15.2m) to KRW17.07bn (US$14.2m). The figure was also down 5.7 per cent when compared to last year.<\/p>\n\n\n\n<p>Table game sales were down 4.9 per cent month-on-month from KRW16.22bn to KRW15.38bn and down 4.1 per cent year-on-year. Machine game sales were down 13.6 per cent mont-on-month from KRW1.97bn to KRW1.70bn and down 17.7 per cent year-on-year.<\/p>\n\n\n\n<p>Table drop (the amount customers pay to buy chips at the table) fell 14.6 per cent month-on-month and 11.5 per cent year-on-year to KRW105.38bn.<\/p>\n\n\n\n<p>In 2021,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-gaming-revenue-down-25-7-in-2021\" rel=\"noreferrer noopener\">casino revenue was down 25.7 per cent in 2021<\/a>&nbsp;when compared to the previous year, falling from KRW335.97bn to KRW249.76bn (US$208.8m).<\/p>\n\n\n\n<p>In January,&nbsp;<strong>South Korean authorities<\/strong>&nbsp;decided to&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-strengthens-covid-19-countermeasures-in-casinos\" rel=\"noreferrer noopener\">strengthen countermeasures<\/a>&nbsp;due to the Covid-19 Omicron variant and entertainment venues including casinos were ordered to operate at a limited capacity and with social distancing measures for at least three weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paradise Co has reported that casino sales declined 5.9 per cent month-on-month from KRW18.19bn (US$15.2m) to KRW17.07bn (US$14.2m).<\/p>\n","protected":false},"author":176,"featured_media":7001,"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 5.9% month-on-month decline in casino sales for February, alongside year-on-year reductions in table game and machine game sales, and table drop. This performance follows a significant 25.7% revenue decrease in 2021 and is primarily attributed to South Korean authorities' strengthened COVID-19 countermeasures, imposing limited operational capacity and social distancing on entertainment venues.","focusai_entities":"Paradise Co","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), supplier_vendor (0.7), investor_analyst (1.0), journalist_researcher (1.0)","focusai_suggestions":[{"label":"NGR Impact Q2?","query":"What is the projected NGR impact for Paradise Co if current COVID-19 operational restrictions persist through Q2, and how does this affect their capital allocation strategy?"},{"label":"Peer Performance Comparison?","query":"How do these reported declines in table drop and machine game sales for Paradise Co compare to regional peer performance under similar regulatory constraints and market conditions?"}],"footnotes":""},"categories":[157,16338],"tags":[1705],"class_list":["post-27769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27769","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=27769"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27769\/revisions"}],"predecessor-version":[{"id":27783,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27769\/revisions\/27783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7001"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}