{"id":777006837,"date":"2023-07-03T09:10:45","date_gmt":"2023-07-03T12:10:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777006837"},"modified":"2026-04-22T20:28:12","modified_gmt":"2026-04-22T23:28:12","slug":"paradise-co-casino-revenue-up-633-8-in-june","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-up-633-8-in-june","title":{"rendered":"Paradise Co casino revenue up 633.8% in June"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Paradise Co has reported that revenue grew from KRW70.14bn (US$53.1m) to KRW95.59bn (US$72.89m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.-\u00a0<strong>Paradise Co\u00a0<\/strong>has shared its financial results for June. Revenue grew from KRW70.14bn (US$53.1m) to KRW95.59bn (US$72.89m). That\u2019s a rise of 39.5 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-up-313-3-in-may\" target=\"_blank\">when compared to the previous month<\/a>\u00a0and 633.8 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 774.1 per cent year-on-year and 42.5 per cent sequentially from&nbsp;<strong>KRW65.7bn (US$51.6m)<\/strong>&nbsp;to KRW91.33bn (US$69.9m). Gaming machine revenue was up 65.4 per cent year-on-year and 3.9 per cent sequentially from&nbsp;<strong>KRW4.44bn (US$3.8m) to KRW4.26bn (US$2.36m)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the first half of the year,\u00a0<strong>Paradise Co has reported revenue of\u00a0<\/strong>KRW352.45bn (US$269.4m), up 249 per cent from a year earlier. Table revenue was up 274.8 per cent year-on-year to KRW330.42bn (US$252.4m) while machine revenue was up 71.5 per cent to KRW22.03bn (US$16.8m). The aggregate table drop was up 283.8 per cent year-on-year to KRW2.84tn.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-refinances-us389-5m-in-paradise-city-debt\" target=\"_blank\">Paradise Co<\/a>\u00a0has recently reported it refinanced KRW500bn (US$389.5m) out of a loan amount of KRW800bn for its Paradise City resort. The funds relate to phase I and phase II of the IR. Under the terms of the agreement, the KRW500bn will have an extended maturity date set for June 19, 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paradise Co has reported that revenue grew from KRW70.14bn (US$53.1m) to KRW95.59bn (US$72.89m).<\/p>\n","protected":false},"author":176,"featured_media":32939,"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 substantial revenue growth for June and H1, primarily driven by a 633.8% year-on-year increase in June's total revenue and robust table games performance. Concurrently, the integrated resort operator successfully refinanced KRW500bn of its Paradise City loan, extending the maturity to June 2028.","focusai_entities":"Paradise Co, Paradise City","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H1 GGR Drivers?","query":"What specific market factors or operational strategies contributed to Paradise Co's exceptional year-on-year GGR growth, particularly in table games, during H1?"},{"label":"Refinancing Impact?","query":"How does the KRW500bn refinancing, with its extended maturity, impact Paradise Co's debt service coverage ratio and future capital expenditure plans for Paradise City?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777006837","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\/777006837","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=777006837"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006837\/revisions"}],"predecessor-version":[{"id":777006867,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006837\/revisions\/777006867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}