Casino revenue was down year-on-year.<\/p>\n\n\n\n\n\n\n\n
South Korea.- Paradise Co <\/strong>has reported casino revenue of KRW70.42bn (US$48.24m) for January. That\u2019s an increase of 1 per cent month-on-month but a decline of 2.3 per cent year-on-year.<\/p>\n\n\n\n Table-game sales<\/strong> were KRW65.76bn (US$45m), down 0.3 per cent compared to the previous month and 2.2 per cent in year-on-year terms. Machine game sales <\/strong>were KRW4.6bn (US$3.2m), up 24.4 per cent month-on-month and down 4.5 per cent year-on-year. The table drop was KRW579.4bn (US$397m), up 7.1 per cent when compared to the previous month and up 1.8 per cent in year-on-year terms. <\/p>\n\n\n\n In 2024, the casino operator posted casino revenue of KRW818.7bn (US$558.5m)<\/a>, up 10.2 per cent from\u00a0KRW742.9bn (US$506.7m) in 2023<\/a>. Gaming revenue was KRW766.7bn (US$523.2m), up 10.2 per cent in year-on-year terms.<\/p>\n\n\n\n In November, Paradise Co opened a new space for high-rollers at\u00a0Paradise Casino Walkerhill<\/strong> in Seoul. The casino\u2019s first expansion in nine years increased its size by 17 per cent, from 3,934.60 to 4,587.26 square metres. There are now 112 table games and 213 machine games. The casino operator said it expects sales in the new VIP venue to reach KRW22bn (US$16.6m) in 2025 and KRW32bn (US$24.18m) in 2026.<\/p>\n","protected":false},"excerpt":{"rendered":" Casino revenue was down year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":777014930,"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 January casino revenue of KRW70.42bn, a 2.3% year-on-year decline, despite a 1% month-on-month increase. While table-game sales decreased, machine game sales saw a significant month-on-month rise. The company also detailed its 2024 annual revenue growth and projections for its recently expanded high-roller facility at Paradise Casino Walkerhill.","focusai_entities":"Paradise Co, Paradise Casino Walkerhill","focusai_location":"South Korea, Seoul","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Segment Impact","query":"What specific operational and marketing strategies are being implemented to achieve the projected KRW22bn and KRW32bn sales from the new Paradise Casino Walkerhill VIP venue in 2025 and 2026, respectively, given the overall year-on-year revenue decline in January?"},{"label":"Revenue Diversification Analysis","query":"How does Paradise Co plan to mitigate the year-on-year decline in table-game sales, and what is the long-term strategy for leveraging the significant month-on-month growth in machine game sales to drive overall GGR?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,1705],"class_list":["post-777022563","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\/777022563","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=777022563"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022563\/revisions"}],"predecessor-version":[{"id":777022588,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022563\/revisions\/777022588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014930"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}