month-on-month decline<\/a>\u00a0in casino revenue from KRW75.12bn to KRW61.01bn (US$45.8m). When compared year-on-year, revenue was up by 31.2 per cent.<\/p>\n\n\n\nOctober\u2019s table games revenue fell by 17.5 per cent month-on-month, from KRW69.37bn to KRW57.20bn (US$42.9m). The figure was up 32.7 per cent when compared to the previous year.\u00a0Machine game revenue decreased by 13.3 per cent compared to the previous month but rose 12 per cent year-on-year to KRW3.81bn (US$2.86m).<\/p>\n\n\n\n
Paradise Co operates four venues in its casino division: Walkerhill in Seoul, Jeju Grand on Jeju Island, Busan Casino in the southern port city of Busan, and Paradise City, near the primary international airport serving Seoul. For the first ten months of 2023, Paradise Co\u2019s aggregate casino revenue reached nearly KRW625.50bn US$451.14bn), up 137.4 per cent year-on-year.<\/p>\n\n\n\n
The amount of cash exchanged by customers for chips at gaming tables fell 5.1 per cent sequentially to KRW538.51bn in October. The drop was up 30.4 per cent from last year.<\/p>\n\n\n\n
Paradise Co’s table drop in the 10 months to October 31 was nearly KRW5.05tn, an increase of 146.5 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino revenue was KRW61.01bn (US$45.8m) in October.<\/p>\n","protected":false},"author":176,"featured_media":27875,"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 a sequential decline in October casino revenue, reaching KRW61.01bn, a 17.3% month-on-month decrease, though year-on-year revenue was up 31.2%. This performance was mirrored across table games and machine game verticals, while year-to-date aggregate casino revenue surged 137.4% to nearly KRW625.50bn.","focusai_entities":"Paradise Co","focusai_location":"South Korea, Seoul, Jeju Island, Busan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"October MoM Decline","query":"What specific market or operational factors contributed to Paradise Co's 17.3% month-on-month decline in casino revenue for October, despite robust year-on-year growth?"},{"label":"YTD Performance Drivers","query":"Given the substantial 137.4% year-on-year increase in aggregate casino revenue for the first ten months, what are the primary drivers of this long-term growth, and how sustainable are these trends in the South Korean market?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,1705],"class_list":["post-777010830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010830","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=777010830"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010830\/revisions"}],"predecessor-version":[{"id":777041027,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010830\/revisions\/777041027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}