{"id":33214,"date":"2022-09-04T18:12:14","date_gmt":"2022-09-04T21:12:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33214"},"modified":"2026-04-23T05:14:55","modified_gmt":"2026-04-23T08:14:55","slug":"paradise-co-revenue-up-89-3-in-august","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-revenue-up-89-3-in-august","title":{"rendered":"Paradise Co revenue up 89.3% in August"},"content":{"rendered":"\n<p>The South Korean casino has reported that revenue was up 89.3 per cent month-on-month at KRW50.76bn (US$37.3m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-\u00a0<strong>Paradise Co\u00a0<\/strong>has shared its financial results for August. Revenue reached KRW50.76bn (US$37.3m), up 89.3 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-revenue-up-296-5-year-on-year-in-july\" target=\"_blank\">month-on-month<\/a> but down 15 per cent when compared to last year.<\/p>\n\n\n\n<p><strong>Table-game sales increased 97.5 per cent <\/strong>sequentially but declined 16.6 per cent year-on-year to KRW48.10bn. Machine-game sales were KRW2.66bn, up 8.4 per cent month-on-month and 33.4 per cent year-on-year.<\/p>\n\n\n\n<p>The table drop rose 8.8 per cent year-on-year to KRW1.31tn. On year-on-year terms, the figure was up 63.9 per cent. The aggregate table drop for the year to July 31 was down 4.2 per cent year-on-year at KRW975.23bn.<\/p>\n\n\n\n<p>The month-on-month improvements coincided with South Korea&#8217;s easing of entry formalities for visitors from certain places. In August,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-to-allow-visa-free-entry-from-japan-taiwan-and-macau\" target=\"_blank\">authorities<\/a>&nbsp;announced that visitors with travel documents issued by Japan, Taiwan or Macau can enter visa-free. Travellers<strong> must apply online for permission<\/strong>&nbsp;to enter through the Korea Electronic Travel Authorization website at least 72 hours before their return flight.<\/p>\n\n\n\n<p>Previous to that, in June, the country&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-to-reopen-its-borders-from-june-1\" target=\"_blank\">resumed issuing short-term tourist visas<\/a>&nbsp;for individual tourists and tour groups after inbound tourism was halted at the height of the Covid-19 epidemic.<\/p>\n\n\n\n<p>During the first eight months of 2022, Paradise Co&#8217;s cumulative casino revenue was KRW178.56bn, down 0.3 per cent from last year. For the first half of the year,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-revenue-down-10-1-for-h1\" rel=\"noreferrer noopener\">the casino operator<\/a>&nbsp;posted revenue of KRW101.23bn (US$77.91m), a decline of 10.1 per cent when compared to last year.&nbsp;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Korean casino has reported that revenue was up 89.3 per cent month-on-month at KRW50.76bn (US$37.3m).<\/p>\n","protected":false},"author":176,"featured_media":9297,"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 89.3% month-on-month increase in August revenue, reaching KRW50.76bn, primarily driven by a 97.5% sequential rise in table-game sales. This upturn coincides with South Korea's strategic easing of inbound tourism restrictions, though year-on-year and cumulative H1\/YTD figures still reflect a contraction, indicating a nascent market recovery.","focusai_entities":"Paradise Co","focusai_location":"South Korea, Japan, Taiwan, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Visa Policy Impact","query":"What is the estimated incremental GGR directly attributable to the specific visa policy relaxations for Japan, Taiwan, and Macau visitors, and what is the projected sustainability of this growth driver?"},{"label":"Q3 Performance Projections","query":"Based on the August sequential growth, what are the revised Q3 2022 GGR and EBITDA projections for Paradise Co, considering potential seasonality and further policy adjustments?"}],"footnotes":""},"categories":[16338,163,158],"tags":[1705],"class_list":["post-33214","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\/33214","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=33214"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33214\/revisions"}],"predecessor-version":[{"id":33249,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33214\/revisions\/33249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9297"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}