{"id":30553,"date":"2022-06-08T02:17:15","date_gmt":"2022-06-08T05:17:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30553"},"modified":"2026-04-23T08:00:35","modified_gmt":"2026-04-23T11:00:35","slug":"paradise-co-revenue-up-25-8-month-on-month-in-may","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-revenue-up-25-8-month-on-month-in-may","title":{"rendered":"Paradise Co revenue up 25.8% month-on-month in May"},"content":{"rendered":"\n

Paradise Co has reported that revenue was up 25.8 per cent year-on-year to KRW17.09bn (US$13.6m).<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0Paradise Co\u00a0<\/strong>has reported revenue of KRW17.09bn (US$13.6m) for May. That’s an increase of 25.8 per cent year-on-year but a fall of 0.8 per cent when\u00a0compared to the previous month<\/a>.<\/p>\n\n\n\n

Table game sales were KRW14.93bn, up 0.1 per cent month-on-month and up 27.9 per cent when compared to 2021. Gaming machine revenue was\u00a0down 6.8 per cent month-on-month<\/strong>\u00a0but up 13.1 per cent year-on-year to KRW2.16bn.<\/p>\n\n\n\n

The table drop fell 1.4 per cent month-on-month and 10.5 per cent year-on-year to KRW121.84bn. Aggregate table drop for the calendar year ended May 31 was down 11.0 per cent year-on-year to KRW604.57bn.<\/p>\n\n\n\n

In the first five months of 2022, the group’s casino revenue fell 8.9 per cent year-on-year to KRW88.08bn.<\/p>\n\n\n\n

Paradise Co<\/a> has recently sold an office building in the Gangnam district of Seoul for KRW100.5bn (US$79m). According to Korea Biz, the casino operator sold the office to secure liquidity and improve its financial position due to the impact of the Covid-19 pandemic.<\/p>\n\n\n\n

Due to the economic crisis, the company saw its workforce decline 5.3 per cent in the last two years. In 2021, Paradise Co casino revenue<\/a> was down 25.7 per cent when compared to the previous year.<\/p>\n\n\n\n

South Korea to allow entry of unvaccinated travellers<\/h2>\n\n\n\n

As previously reported by Focus Gaming News, the Korea Centers for Disease Control & Prevention<\/strong> has announced that from today, June 8, visitors will be able to enter South Korea without Covid-19 vaccination and without undergoing quarantine. The only requirement will be to present two negative Covid-19 tests taken within three days of arrival.<\/p>\n\n\n\n

If one of the two tests carried out after arrival is South Korea is positive, a visitor will have to undergo a seven-day quarantine. All travellers, vaccinated or not, must still show a negative Covid-19 test before boarding a flight.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paradise Co has reported that revenue was up 25.8 per cent year-on-year to KRW17.09bn (US$13.6m).<\/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 25.8% year-on-year revenue increase for May, reaching KRW17.09bn, despite a slight month-on-month decline. The company also divested a Seoul office building for KRW100.5bn to bolster liquidity amidst ongoing financial pressures from the pandemic. Concurrently, South Korea's easing of travel restrictions for unvaccinated visitors is poised to positively impact inbound tourism and, consequently, the integrated resort sector.","focusai_entities":"Paradise Co, Korea Centers for Disease Control & Prevention","focusai_location":"South Korea, Seoul, Gangnam","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.85), investor_analyst (0.97), supplier_vendor (0.88), journalist_researcher (0.96)","focusai_suggestions":[{"label":"Impact of Eased Travel?","query":"What is the projected impact of South Korea's eased travel restrictions on Paradise Co's GGR and NGR for the latter half of the fiscal year, particularly concerning high-roller segments?"},{"label":"Liquidity & Debt Structure?","query":"How will the KRW100.5bn asset divestment in Gangnam specifically alter Paradise Co's debt-to-equity ratio and its capacity for future capital expenditure or market expansion initiatives?"}],"footnotes":""},"categories":[157,16338,158],"tags":[1705],"class_list":["post-30553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30553","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=30553"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30553\/revisions"}],"predecessor-version":[{"id":30600,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30553\/revisions\/30600"}],"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=30553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}