{"id":777003993,"date":"2023-04-04T13:05:22","date_gmt":"2023-04-04T16:05:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003993"},"modified":"2026-04-22T23:09:25","modified_gmt":"2026-04-23T02:09:25","slug":"paradise-co-posts-casino-revenue-of-us32-6m-for-march","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-posts-casino-revenue-of-us32-6m-for-march","title":{"rendered":"Paradise Co posts casino revenue of US$32.6m for March"},"content":{"rendered":"\n

Revenue for the first quarter was up by 151.5 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

South Korea.- Paradise Co <\/strong>has shared its financial results for the month of March. It’s posted casino revenue of KRW42.71bn (US$32.6m), up 129.5 per cent year-on-year<\/a> but down 3.8 per cent month-on-month<\/a>. <\/p>\n\n\n\n

Gaming revenue reached nearly KRW39.09bn, up 137 per cent year-on-year, but down 7 per cent from the prior-month period. Machine game revenue <\/strong>was nearly KRW3.64bn, up 71.2 per cent year-on-year and up 54.1 per cent when compared to the previous month. <\/p>\n\n\n\n

The table drop<\/strong> was down 23.9 per cent when compared to January at KRW362.47bn but up 244 per cent from February 2022. <\/p>\n\n\n\n

For the first three months of 2023, the casino operator’s revenue rose by 151.5 per cent from the prior-year period to approximately KRW135.21bn. Revenue generated from table games increased by 162 per cent year-on-year to almost KRW125.7bn. Machine gaming revenue was up by 64.4 per cent at approximately KRW9.51bn.<\/p>\n\n\n\n

The first quarter of this year saw a 252 per cent year-on-year increase in the table drop \u2013 the amount of cash exchanged for chips by customers at tables \u2013 to just over KRW1.26tn. For full-year 2022, Paradise Co<\/a> had reported a 40.5 per cent increase in revenue at KRW350.68bn (US$274.5m). <\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue for the first quarter was up by 151.5 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":18146,"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 robust financial results for March and Q1 2023, with Q1 revenue surging 151.5% year-on-year to KRW135.21bn. March casino revenue increased 129.5% year-on-year, driven by significant growth in both table game and machine gaming revenues, indicating a strong recovery in its South Korean gaming operations.","focusai_entities":"Paradise Co","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q1 GGR Drivers?","query":"What specific operational or market factors, such as VIP segment recovery or increased tourism, are primarily driving the substantial year-on-year GGR and table drop increases for Paradise Co in Q1 2023?"},{"label":"Margin Impact?","query":"How do these reported revenue increases, particularly the month-on-month fluctuations, translate into NGR and EBITDA margins, and what is the outlook for operational leverage given the current cost structures?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777003993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003993","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=777003993"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003993\/revisions"}],"predecessor-version":[{"id":777004016,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003993\/revisions\/777004016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}