Paradise Co posts net profits of \u20ac4.9 million in 2019 driven by a stellar performance from its Paradise SegaSammy casino. <\/p>\n\n\n\n\n\n\n\n
South Korea.- Paradise Co has reported its financial results for the full year 2019, revealing a return to profit following a loss the year before. The turnaround was driven by a 24.4 percent year-on-year increase in net sales.<\/p>\n\n\n\n
The company reported KRW979.4 billion (\u20ac740.4million) in net sales and almost KRW6.5 billion (\u20ac4.9 million) in net profits.<\/p>\n\n\n\n
Its Paradise SegaSammy casino was one of the most profitable business units, with a growth in mass market revenues and higher hotel occupation ratios helping drive numbers upwards.<\/p>\n\n\n\n
Other attractions at the IR enjoyed growth, such as the Wonder Box family theme park, the spa Cimer, and the Plaza shopping mall. <\/p>\n","protected":false},"excerpt":{"rendered":"
Paradise Co posts net profits of \u20ac4.9 million in 2019 driven by a stellar performance from its Paradise SegaSammy casino.<\/p>\n","protected":false},"author":2,"featured_media":3921,"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 financial turnaround in 2019, achieving \u20ac4.9 million in net profits after a prior-year loss. This performance was primarily driven by a 24.4% increase in net sales, with the Paradise SegaSammy casino, particularly its mass market segment and hotel occupancy, being a key contributor. Integrated resort amenities like Wonder Box, Cimer, and Plaza also supported revenue growth.","focusai_entities":"Paradise Co, Paradise SegaSammy","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Operational Efficiency Drivers?","query":"What specific operational efficiencies or strategic shifts contributed to the 24.4% net sales increase and the return to profitability for Paradise Co in 2019?"},{"label":"GGR\/NGR Segment Breakdown?","query":"How did the mass market segment's GGR and NGR performance at Paradise SegaSammy compare to VIP segment contributions, and what was the impact of the non-gaming verticals on overall EBITDA?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[29,152],"class_list":["post-3917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-casino","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3917","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3917"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3917\/revisions"}],"predecessor-version":[{"id":3928,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3917\/revisions\/3928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3921"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}