{"id":777014431,"date":"2024-04-03T09:40:39","date_gmt":"2024-04-03T12:40:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014431"},"modified":"2026-04-22T11:32:57","modified_gmt":"2026-04-22T14:32:57","slug":"paradise-co-casino-revenue-down-31-5-sequentially-in-march","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-down-31-5-sequentially-in-march","title":{"rendered":"Paradise Co casino revenue down 31.5% sequentially in March"},"content":{"rendered":"\n<p>Casino revenue was KRW54.98bn (US$40.7m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-\u00a0<strong>Paradise Co\u00a0<\/strong>has shared its financial results for March. It reported a 31.5 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-up-10-5-in-february\" target=\"_blank\" rel=\"noreferrer noopener\">month-on-month decline<\/a>\u00a0in casino revenue from\u00a0KRW81.28bn to KRW54.98 (US$40.7m). When compared year-on-year, revenue was up by 31.3 per cent.<\/p>\n\n\n\n<p>Table gaming revenue fell by 32.8 per cent month-on-month to KRW50.92bn. The figure was up 33.1 per cent when compared to last year. Gaming revenue generated from slots was up 10.2 per cent month-on-month and 11.9 per cent year-on-year at KRW4.06bn.<\/p>\n\n\n\n<p>For the first three months of the year, the casino operator posted casino revenue of KRW208.83bn (US$155m), up 55.4 per cent year-on-year. The first-quarter table drop was just under KRW1.73tn, up 36.8 per cent when compared to the previous year.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-posts-casino-revenue-of-us567-8m-for-2023\" rel=\"noreferrer noopener\">For full year 2023<\/a>, the casino operator posted revenue of KRW744,15bn (US$567.8m), up 112.8 per cent compared with full-year 2022.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Casino revenue was KRW54.98bn (US$40.7m).<\/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 31.5% month-on-month decline in March casino revenue to KRW54.98bn, though this figure represents a 31.3% year-on-year increase. For Q1 2024, the operator posted casino revenue of KRW208.83bn, marking a robust 55.4% year-on-year growth, building on a strong 112.8% revenue increase for full-year 2023.","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 (0.75), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Q1 Revenue Drivers?","query":"What specific factors contributed to the significant 55.4% year-on-year growth in Paradise Co's Q1 casino revenue, particularly given the month-on-month decline in March?"},{"label":"Market Outlook Impact?","query":"How do Paradise Co's fluctuating monthly revenues, juxtaposed with strong quarterly and annual growth, influence the broader investment outlook for integrated resorts in South Korea?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777014431","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\/777014431","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=777014431"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014431\/revisions"}],"predecessor-version":[{"id":777014438,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014431\/revisions\/777014438"}],"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=777014431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}