{"id":777007844,"date":"2023-08-02T06:40:03","date_gmt":"2023-08-02T09:40:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007844"},"modified":"2026-04-22T19:25:33","modified_gmt":"2026-04-22T22:25:33","slug":"paradise-co-casino-revenue-up-137-in-july","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-up-137-in-july","title":{"rendered":"Paradise Co casino revenue up 137% in July"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Casino revenue reached KRW63.51bn.<\/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 July. Revenue was down 32.4 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-up-633-8-in-june\" target=\"_blank\">when compared to the previous month<\/a>\u00a0at KRW63.51bn (US$49.10m). However, in year-on-year terms, revenue was up 137 per cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The casino operator\u2019s table games revenue rose 145 per cent year-on-year but declined 33.5 per cent sequentially from KRW91.33bn (US$69.9m) to KRW59.66bn (US$65.6m). Gaming machine revenue was up 56.9 per cent year-on-year and down 9.7 per cent sequentially from\u00a0KRW4.26bn (US$2.36m) to KRW3.85bn (US$4.2m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company\u2019s table drop \u2013 the amount of cash exchanged for chips by customers at the table \u2013 reached KRW529.86bn for July, down 0.6 per cent sequentially but up by 125 per cent when compared to last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the first seven months of the year,\u00a0<strong>Paradise Co has reported revenue of\u00a0<\/strong>KRW414.37bn (US$455.8m), up 224.3 per cent in year-on-year terms. The aggregate table drop was up 245.5 per cent year-on-year to KRW3.37tn.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the first quarter of 2023,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-reports-net-profit-of-us5-3m-for-q1\" target=\"_blank\">Paradise Co reported a net profit<\/a>&nbsp;attributable to shareholders of<strong>&nbsp;KRW6.99bn&nbsp;<\/strong>(US$5.3m). Sales were KRW191.52bn (US$145.2m), down 0.9 per cent quarter-on-quarter but up 92 per cent in year-on-year terms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Casino revenue reached KRW63.51bn.<\/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 reported July 2023 revenue of KRW63.51bn, a 32.4% sequential decline but a 137% year-on-year increase, primarily driven by robust table games performance. Year-to-date revenue reached KRW414.37bn, up 224.3% year-on-year, indicating a strong recovery trajectory despite monthly fluctuations. The company also posted a net profit attributable to shareholders of KRW6.99bn in Q1 2023.","focusai_entities":"Paradise Co","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q3 Outlook","query":"What are the key drivers behind the sequential decline in July's revenue and table drop, and how might these factors impact Paradise Co's Q3 2023 performance projections and NGR forecasts?"},{"label":"Recovery Sustainability","query":"Given the significant year-on-year growth, what specific market conditions or operational strategies are sustaining Paradise Co's recovery, and what are the long-term GGR forecasts for the South Korean casino market?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777007844","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\/777007844","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=777007844"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007844\/revisions"}],"predecessor-version":[{"id":777007863,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007844\/revisions\/777007863"}],"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=777007844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}