Paradise Co. started the year strong despite the Coronavirus crisis impacting the sector,<\/strong><\/em><\/a> recording a casino revenue rise of 16.2 per cent year-on-year in February, reaching KRW64.3 billion (\u20ac47.8million), driven by table games revenues.<\/p>\n\n\n\nIn late March, however, Paradise Co. announced the shutdown of its four foreigner-only casinos in Seoul, Incheon, Jeju, and Busan for two weeks as a measure to help prevent the spread of Covid-19 infection.<\/p>\n","protected":false},"excerpt":{"rendered":"
South Korea casino operator Paradise sees casino revenues drop to just \u20ac14.3million due to the Covid-19 outbreak.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 operator Paradise Co. reported a 60.5% year-on-year decline in March casino revenue, amounting to \u20ac14.3 million, primarily due to the COVID-19 pandemic and subsequent closure of its foreigner-only casinos. This sharp downturn follows a robust 16.2% year-on-year revenue increase in February, highlighting the immediate and severe impact of public health measures on gaming verticals.","focusai_entities":"Paradise Co.","focusai_location":"South Korea, Seoul, Incheon, Jeju, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Liquidity & Debt Impact","query":"What is Paradise Co.'s current liquidity position and its capacity to meet debt covenants given the sustained operational disruption?"},{"label":"Operational Cost Mitigation","query":"What specific measures is Paradise Co. implementing to mitigate fixed operational costs and preserve capital during prolonged casino closures?"}],"footnotes":""},"categories":[160,28,161,16338,167],"tags":[29,152],"class_list":["post-5247","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-daily-news","category-east-asia-news","category-news-region","tag-casino","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5247","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=5247"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5247\/revisions"}],"predecessor-version":[{"id":777018371,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5247\/revisions\/777018371"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}