{"id":9744,"date":"2020-09-07T23:10:51","date_gmt":"2020-09-07T23:10:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=9744"},"modified":"2026-04-24T02:03:47","modified_gmt":"2026-04-24T05:03:47","slug":"paradise-co-sales-down-75-in-august","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-sales-down-75-in-august","title":{"rendered":"Paradise Co. sales down 75% in August"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Financial results show a 75 per cent year-on-year drop in casino sales for the South Korean operator.\u00a0<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.- South Korean casino operator Paradise Co. posted revenues of KRW17.30 billion (US$14.6 million) for August, down only 0.5 per cent on July and 75 per cent below August 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Table game revenue was flat month-on-month according to Monday&#8217;s filing, at KRW15.41 billion (US$12.9 million), which is a 76.6 per cent fall on 2019&#8217;s figures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Machine game revenues fell 43.3 per cent year-on-year, and 3.3 per cent since July, to KRW1.90 billion (US$1.5 million).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Taking into account the calendar year through August, casino revenues at Paradise Co. totalled KRW240.44 billion (US$202.4 million), down 51.4 per cent against the same period in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Paradise Co.\u2019s casino in Incheon, Paradise City, <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-city-extends-closure-due-to-new-cases\" target=\"_blank\" rel=\"noreferrer noopener\">remains closed<\/a><\/em><\/strong> due to a spike in Covid-19 cases in the area. The company also operates properties in Seoul, Jeju Island and Busan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial results show a 75 per cent year-on-year drop in casino sales for the South Korean operator.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"South Korean casino operator Paradise Co. reported a 75% year-on-year decline in August casino sales, with year-to-date revenues down 51.4% compared to 2019. This significant downturn is primarily attributed to the ongoing closure of its Paradise City property in Incheon due to a surge in Covid-19 cases.","focusai_entities":"Paradise Co., Paradise City","focusai_location":"South Korea, Incheon, Seoul, Jeju Island, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Paradise Co. Recovery Outlook","query":"What is the projected timeline for the reopening of Paradise City, and what are the anticipated GGR recovery trajectories for Paradise Co. given the current public health landscape in South Korea?"},{"label":"Regional Market Impact","query":"How do Paradise Co.'s August results compare to other integrated resort operators in the broader APAC region, and what implications does this have for regional capital deployment strategies?"}],"footnotes":""},"categories":[16338,163],"tags":[1705,21630,152],"class_list":["post-9744","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-paradise-co","tag-revenues","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9744","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=9744"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9744\/revisions"}],"predecessor-version":[{"id":9759,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9744\/revisions\/9759"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}