Paradise Co posts revenue increase in October

Thanks to strong growth in gaming machines, Paradise Co reported a revenue increase of 15.4% year-on-year during October.

Korea.- Operator Paradise Co posted GGR of €62.4 million during October 2019. The amount is 15.4% higher than the same month in 2018, €54 million, and 11% than September’s. 

Table games’ revenue grew to €59.3 million (+14.6%) and gaming machine revenue jumped 34.3% to  €3 million.

So far in 2019, Paradise Co revenue totalled €500 million, up 22.3% from 2018’s same period.

Paradise Co September figures

The casino operator says its casino revenue grew to more than €55 million last month, 6.6% more than one month earlier and 42.7% more than at the same stage last year.

Paradise Co – which runs gaming venues open only to foreigners – told the Korea Stock Exchange that its revenue from gaming tables in September had been almost €53,2 million, 6.0% more than the month before and 45.1% more than a year earlier.

The amount of cash exchanged for chips at the firm’s gaming tables – called the Table Drop – was 8.1% more than in September last year.

The company also said its revenue from gaming machines in September had been around €3 million, 18.6% more than the month before and 10.7% more than last year.