The South Korean casino operator’s revenue was up 311 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n
South Korea.- Paradise Co<\/a> <\/strong>has shared its financial results for November. It’s posted revenue of KRW39.57bn (US$30.41m), up 311 per cent year-on-year. Mass revenue totalled KRW35.88bn (US$27.57m), up 356 per cent. VIP revenue was nil and slot revenue totalled KRW3.65bn (US$2.8m), up 109 per cent.<\/p>\n\n\n\n The company reported a table drop of KRW367.07bn<\/strong> (US$282.21m), up 165.7 per cent. For the first 11 months of 2022, Paradise Co\u2019s cumulative casino revenue was KRW303.0bn (US$233.1m), up 37.8 per cent from last year. <\/p>\n\n\n\n In the third quarter<\/a>, it reported a net profit attributable to shareholders of KRW39.37bn (US$28.7m), up 111.6 per cent from the previous quarter<\/a>, and an operating profit of KRW38.35bn, compared with KRW4.81bn last year. Paradise Co said the rise was aided by a rebound in its casino business, helped by the return of Japanese VIP guests.<\/p>\n","protected":false},"excerpt":{"rendered":" The South Korean casino operator’s revenue was up 311 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":32940,"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 casino operator, reported a 311% year-on-year revenue increase to KRW39.57bn (US$30.41m) in November, driven by a 356% rise in mass revenue and a 109% increase in slot revenue. This significant operational rebound, including a 165.7% increase in table drop, is largely attributed to the return of Japanese VIP guests, contributing to a cumulative casino revenue of KRW303.0bn for the first 11 months of 2022.","focusai_entities":"Paradise Co","focusai_location":"South Korea, Japan","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":"Q4 NGR Projections?","query":"What is Paradise Co's projected NGR for Q4 2022, considering the strong November performance and continued VIP segment recovery?"},{"label":"APAC GGR Comparison?","query":"How does Paradise Co's GGR growth trajectory compare to other integrated resort operators in the APAC region, particularly concerning the return of international tourism?"}],"footnotes":""},"categories":[163,16333],"tags":[1705],"class_list":["post-777000843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000843","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=777000843"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000843\/revisions"}],"predecessor-version":[{"id":777000867,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000843\/revisions\/777000867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}