June\u2019s \u00a081 per cent year-on-year loss<\/a><\/em><\/strong>.<\/p>\n\n\n\nJuly revenues totalled KRW17.36 billion (US$14.6 million), down from KRW73.69 billion (US$62.1 million) in the same month last year.<\/p>\n\n\n\n
Table games revenue reached KRW15.40 billion (US$12.9 million) in July, up 27.9 per cent since June but down 78 per cent year-on-year. Machine game revenue was KRW1.96 billion (US$1.6 million), showing a monthly increase of 15.6 per cent and a 46.2 drop on 2019.<\/p>\n\n\n\n
Paradise Co. operates Walkerhill in Seoul, Jeju Grand on Jeju Island,\u00a0Busan Casino in Busan and Paradise City in Incheon.<\/p>\n\n\n\n
Gaming operations were suspended due to lockdown measures in South Korea on March 24. The casino on Jeju Island reopened on July 13 and the rest followed a week later.<\/p>\n\n\n\n
For the first seven months of 2020, revenues for the South Korean operator were KRW223.13 billion (US$118.16 million), 47.5 per cent below the same period in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
Revenues for the first seven months of 2020 remain 47.5 per cent below the same period in 2019.<\/p>\n","protected":false},"author":2,"featured_media":8732,"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, a South Korean foreigner-only casino operator, reported a 26.3% monthly revenue increase in July 2020, signaling a slight recovery from June's significant year-on-year losses. Despite this uptick, July's revenues remained 76.4% below July 2019, with year-to-date revenues for the first seven months of 2020 down 47.5% due to operational suspensions from March 24 and phased reopenings in July.","focusai_entities":"Paradise Co, Walkerhill, Jeju Grand, Busan Casino, Paradise City","focusai_location":"South Korea, Seoul, Jeju Island, Busan, Incheon","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q3 2020 Recovery Outlook?","query":"What is the projected GGR and NGR recovery trajectory for Paradise Co. in Q3 2020, considering the full operational resumption of all properties and potential changes in foreigner visitation policies?"},{"label":"Impact on Capital Structure?","query":"How have the sustained revenue declines impacted Paradise Co.'s capital structure, liquidity, and potential for future capital expenditure or debt refinancing?"}],"footnotes":""},"categories":[16338,163],"tags":[20778,1705,152],"class_list":["post-8730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-financial-results","tag-paradise-co","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8730","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=8730"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8730\/revisions"}],"predecessor-version":[{"id":8750,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8730\/revisions\/8750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8732"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}