{"id":7000,"date":"2020-06-03T18:52:06","date_gmt":"2020-06-03T18:52:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7000"},"modified":"2026-04-24T04:44:54","modified_gmt":"2026-04-24T07:44:54","slug":"paradise-co-sales-recover-in-may","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-sales-recover-in-may","title":{"rendered":"Paradise Co. sales recover in May"},"content":{"rendered":"\n<p>The South Korean casino operator&#8217;s numbers were down 51% on last year but mark a recovery after April.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- Foreigner-only casino operator <strong><em>Paradise Co<\/em><\/strong>. reported another annual fall in sales in May owing to but showed signs of recovery after revenue plunged in April when most of its business came under lockdown restrictions.<\/p>\n\n\n\n<p>The operator said its casino sales in May totalled KRW29.80 billion (US$24.5 million), down by 51% compared to May 2019 when revenue was KRW61.08 billion.<\/p>\n\n\n\n<p>The figures represent an improvement from April when forced closure caused sales to plunge to KRW7.93 billion, a fall of 86.1 per cent year-on-year compared to the KRW57.13 billion in sales seen in April 2019.<\/p>\n\n\n\n<p>In April, Paradise Co.\u2019s casinos remained closed for almost 20 days to comply with government measures taken against the COVID-19 pandemic. <\/p>\n\n\n\n<p>The first venue to reopen was <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-jeju-casino\">the Jeju Island Casino<\/a><\/em><\/strong> on April 13, <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-paradise-co-reopens-casinos\">followed on April 20<\/a><\/em><\/strong> by Paradise City resort in Incheon, Paradise Casino Walkerhill in Seoul, and Paradise Casino Busan in the port city Busan.<\/p>\n\n\n\n<p>South Korea was one of the countries that most quickly recovered from the virus outbreak, although some companies are <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/kangwon-land-reopening\">still evaluating the situation before reopening<\/a><\/em><\/strong>, given a new surge in Covid-19 cases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Korean casino operator&#8217;s numbers were down 51% on last year but mark a recovery after April.<\/p>\n","protected":false},"author":2,"featured_media":7001,"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., a South Korean foreigner-only casino operator, reported a 51% year-on-year decline in May sales to KRW29.80 billion, yet this signifies a substantial recovery from April's KRW7.93 billion plunge due to COVID-19 lockdowns. The sequential improvement follows the phased reopening of its casino properties across South Korea, including Jeju Island, Incheon, Seoul, and Busan, after government-mandated closures.","focusai_entities":"Paradise Co., Paradise City resort, Paradise Casino Walkerhill, Paradise Casino Busan, Jeju Island Casino","focusai_location":"South Korea, Jeju Island, Incheon, Seoul, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q2 Recovery Trajectory","query":"What is the projected Q2 GGR recovery trajectory for Paradise Co. and other South Korean foreigner-only casinos, considering the recent surge in COVID-19 cases and potential for renewed restrictions?"},{"label":"Operational Cost Structure","query":"How has Paradise Co.'s operational cost structure adapted to the reduced GGR environment and phased reopening, particularly concerning staffing, marketing, and property maintenance?"}],"footnotes":""},"categories":[16338,163],"tags":[1705,20100,152],"class_list":["post-7000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-paradise-co","tag-sales","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7000","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=7000"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7000\/revisions"}],"predecessor-version":[{"id":777008717,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7000\/revisions\/777008717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7001"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}