{"id":7806,"date":"2020-07-02T23:22:28","date_gmt":"2020-07-02T23:22:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7806"},"modified":"2026-04-24T03:57:14","modified_gmt":"2026-04-24T06:57:14","slug":"paradise-co-june-revenue-down-81","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-june-revenue-down-81","title":{"rendered":"Paradise Co: June revenue down 81%"},"content":{"rendered":"\n<p>Sales in June were down by 81 per cent compared to 2019 figures despite signs of recovery in May.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- Casino operator Paradise Co saw a new drop in revenue in June despite signs of recovery in May.<\/p>\n\n\n\n<p>In June revenue fell by 80.8 per cent year-on-year, and by 53.6 per cent from May this year. Sales totalled KRW13.8 billion ($11.5 million).<\/p>\n\n\n\n<p>According to AGBrief, table game revenue was down 82.2 per cent year-on-year at KRW12.1 billion (US$10.08 million). Gaming machine revenue dropped 56.2 per cent to KRW1.69 billion (US$1.4 million).<\/p>\n\n\n\n<p>In May the numbers had looked healthier. A 51 per cent year-on-year drop still meant a major upswing <strong><em><a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-sales-recover-in-may\" target=\"_blank\" rel=\"noreferrer noopener\">from April<\/a><\/em><\/strong>, when the operator&#8217;s four casinos had to close due to Covid-19 measures.<\/p>\n\n\n\n<p>Total sales for the first half of the year were KRW205.8 billion (US$171.7 million), 41.4 per cent less than in the first half of 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales in June were down by 81 per cent compared to 2019 figures despite signs of recovery in May.<\/p>\n","protected":false},"author":2,"featured_media":7808,"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 experienced an 80.8% year-on-year revenue decline in June, totaling KRW13.8 billion, despite a brief recovery observed in May. This significant downturn, impacting both table games and gaming machines, resulted in a 41.4% decrease in H1 2020 sales compared to H1 2019, primarily attributed to COVID-19 operational disruptions.","focusai_entities":"Paradise Co, AGBrief","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"H2 Recovery Outlook?","query":"What are Paradise Co's projected operational strategies and revenue recovery timelines for H2 2020, considering the persistent global health crisis and potential for further regulatory restrictions?"},{"label":"Market Diversification Impact?","query":"How has Paradise Co's reliance on specific gaming verticals (table games vs. gaming machines) and its market diversification strategy influenced its resilience during this period of significant GGR contraction?"}],"footnotes":""},"categories":[16338,163],"tags":[20778,152],"class_list":["post-7806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-financial-results","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7806","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7806"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7806\/revisions"}],"predecessor-version":[{"id":7819,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7806\/revisions\/7819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7808"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}