{"id":777023762,"date":"2025-03-06T09:00:26","date_gmt":"2025-03-06T12:00:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023762"},"modified":"2026-04-22T01:07:05","modified_gmt":"2026-04-22T04:07:05","slug":"paradise-co-posts-dip-in-casino-revenue-for-february","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-posts-dip-in-casino-revenue-for-february","title":{"rendered":"Paradise Co posts dip in casino revenue for February"},"content":{"rendered":"\n

Casino revenue was down 11.5 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

South Korea.- Paradise Co <\/strong>has reported casino revenue of KRW70.21bn (US$48.63m) for February. That\u2019s a decrease of 11.5 per cent in year-on-year terms and a decline of 2.3 per cent sequentially<\/a>.<\/p>\n\n\n\n

Table-game sales<\/strong> were KRW65.95bn (US$49.7m), down 11.86 per cent year-on-year and 1.7 per cent sequentially.\u00a0Machine game sales\u00a0<\/strong>were KRW4.2bn (US$2.9m), down 7.08 per cent year-on-year and 8.5 compared to January’s results. The\u00a0table drop was KRW525.7bn (US$364m), up 9.3 per cent when compared to the previous month and up 7 per cent in year-on-year terms.\u00a0<\/p>\n\n\n

\n
\"Photo
Paradise City, near the main international airport serving Seoul. <\/figcaption><\/figure>\n<\/div>\n\n\n

For full-year 2024, the casino operator posted casino revenue of KRW818.7bn (US$558.5m), up 10.2 per cent from KRW742.9bn (US$506.7m) in 2023<\/a>. Table game revenue was KRW766.7bn (US$523.2m), up 10.2 per cent in year-on-year terms. Machine game revenue was up 9.7 per cent to KRW52bn (US$35.5m). The table drop for full-year 2024 was KRW6.87tn (US$4.66bn), a rise of 11.3 per cent.<\/p>\n\n\n\n

Paradise Co\u00a0plans to begin construction on a new hotel in Seoul<\/a> with a target opening date in 2028. The 18-floor hotel will have approximately\u00a0200 suites and five basement levels<\/strong>\u00a0offering services for foreign VIPs as part of a broader strategy to\u00a0attract more international high-rollers<\/strong>. It will cover 13,950 square metres. The cost of the development is estimated between KRW500 (US$360m) and KRW550 (US$400m).<\/p>\n","protected":false},"excerpt":{"rendered":"

Casino revenue was down 11.5 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":777011926,"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 and year-on-year decline in February 2024 casino revenue, with GGR down 11.5% YoY to KRW70.21bn, despite a 7% YoY increase in table drop. Concurrently, the operator's latest full-year results (likely 2023) showed robust growth, with casino revenue up 10.2% to KRW818.7bn. Strategically, Paradise Co is investing KRW500-550bn in a new luxury hotel in Seoul, targeting 2028, to enhance its VIP segment and attract international high-rollers.","focusai_entities":"Paradise Co","focusai_location":"South Korea, Seoul","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"February GGR Decline","query":"What specific market factors or operational adjustments contributed to Paradise Co's 11.5% year-on-year GGR decline in February, despite an increase in table drop?"},{"label":"VIP Strategy ROI","query":"How does Paradise Co project the new Seoul hotel development, targeting foreign VIPs, will impact its long-term NGR and market share, and what is the anticipated return on investment for the KRW500-550bn capital expenditure?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,1705],"class_list":["post-777023762","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\/777023762","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=777023762"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023762\/revisions"}],"predecessor-version":[{"id":777023794,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023762\/revisions\/777023794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}