Casino operators reports 16.2 per cent revenue increase to \u20ac48.4 million despite deadly virus impacting the global gaming industry. <\/p>\n\n\n\n\n\n\n\n
South Korea.- Paradise Co Ltd has revealed casino revenue increased 16.2 per cent year-on-year in February, reaching KRW64.3 billion (\u20ac48.4 million). <\/p>\n\n\n\n
The improvement was driven mainly driven by table games revenue, and came despite the on going Coronavirus crisis impacting Asia and the rest of the world. <\/p>\n\n\n\n
Grand Korea Leisure said its casino sales in February rose 38.1 percent year-on-year to KRW44 billion (\u20ac33 million), also driven by table games revenue.<\/p>\n\n\n\n
However, the company has closed several non-gaming facilities in response to the government\u2019s efforts to contain the spread of the Coronavirus.\u00a0 <\/p>\n\n\n\n
In addition, South Korea\u2019s only locals permitted casino resort, Kangwon Land has been closed since February 23 and will not reopen until March 9 at the earliest. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino operators reports 16.2 per cent revenue increase to \u20ac48.4 million despite deadly virus impacting the global gaming industry.<\/p>\n","protected":false},"author":2,"featured_media":4109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"South Korean casino operators, Paradise Co Ltd and Grand Korea Leisure, reported significant year-on-year revenue increases in February, driven by table games, despite the escalating global health crisis. This resilience contrasts with operational closures, such as Kangwon Land, implemented in response to government containment efforts.","focusai_entities":"Paradise Co Ltd, Grand Korea Leisure, Kangwon Land","focusai_location":"South Korea, Asia","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Table Games Resilience","query":"What specific high-roller segments or marketing initiatives contributed to the exceptional table games revenue growth for Paradise Co Ltd and Grand Korea Leisure amidst reduced overall foot traffic?"},{"label":"Operational Contingency","query":"How are South Korean operators adjusting their governance frameworks and business continuity plans to mitigate future revenue volatility from public health crises and potential extended closures?"}],"footnotes":""},"categories":[160,28,16338,163],"tags":[29,7299,152],"class_list":["post-4105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-finance-news","tag-casino","tag-coronavirus","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4105","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=4105"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4105\/revisions"}],"predecessor-version":[{"id":4118,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4105\/revisions\/4118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4109"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}