{"id":777005870,"date":"2023-06-01T12:45:20","date_gmt":"2023-06-01T15:45:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005870"},"modified":"2026-04-22T21:23:54","modified_gmt":"2026-04-23T00:23:54","slug":"paradise-co-casino-revenue-up-313-3-in-may","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-up-313-3-in-may","title":{"rendered":"Paradise Co casino revenue up 313.3% in May"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Paradise Co has reported that revenue rose to approximately KRW70.14bn (US$53.1m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.-&nbsp;<strong>Paradise Co&nbsp;<\/strong>has reported revenue grew from KRW54.49bn (US$40.7m) to KRW70.14bn (US$53.1m) in May. That&#8217;s a rise of 30 per cent&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-up-216-2-in-april\" target=\"_blank\">when compared to the previous month<\/a> and 313.3 per cent in year-on-year terms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The casino operator\u2019s table games revenue rose 343.6 per cent year-on-year and 31.1 per cent sequentially to nearly&nbsp;<strong>KRW65.7bn (US$51.6m)<\/strong>. Gaming machine revenue was up 105.3 per cent year-on-year and 16.1 per cent sequentially to&nbsp;<strong>KRW4.44bn (US$3.8m)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The casino table drop was close to&nbsp;<strong>KRW516.8bn<\/strong>&nbsp;(US$386m), up 21.5 per cent in month-on-month terms and up 318.1 per cent from last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the first five months of 2023, <strong>Paradise Co has reported revenue of KRW258.45bn (US$166.5m)<\/strong>, up 193.8 per cent year-on-year. Table revenue was up 209.8 per cent year-on-year to KRW240.68bn (US$158.2bn) while machine revenue was up 73.1 per cent to KRW17.77bn (US$12.3m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The aggregate table drop was up 281.2 per cent year-on-year to KRW2.31tn (US$1.76bn). The company reported a net profit attributable to shareholders of<strong>&nbsp;KRW6.99bn&nbsp;<\/strong>(US$5.3m)&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-reports-net-profit-of-us5-3m-for-q1\" rel=\"noreferrer noopener\">for the first quarter of the year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paradise Co has reported that revenue rose to approximately KRW70.14bn (US$53.1m).<\/p>\n","protected":false},"author":176,"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":"Paradise Co reported significant revenue growth in May, reaching KRW70.14bn (US$53.1m), a 30% sequential and 313.3% year-on-year increase, primarily driven by robust table games performance. Year-to-date figures also show substantial growth across all gaming verticals and a reported net profit for Q1, indicating strong operational recovery and market demand in South Korea.","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":"Growth Drivers Analysis","query":"What specific market conditions or operational strategies contributed to Paradise Co's exceptional year-on-year growth in table games revenue and table drop, and are these trends sustainable given the current macroeconomic environment?"},{"label":"Q1 Profitability Outlook","query":"Given the reported Q1 net profit and robust May revenue, what is the projected full-year profitability outlook for Paradise Co, considering potential shifts in VIP segment activity or evolving regulatory compliance costs?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777005870","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005870","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=777005870"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005870\/revisions"}],"predecessor-version":[{"id":777005897,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005870\/revisions\/777005897"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}