Paradise Company Limited heralds successful September
South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for September showing that it experienced an impressive 42.7% increase year-on-year in aggregated gross gaming revenues to approximately $61.03 million.
According to a report from GGRAsia, the Seoul-listed firm used an official Wednesday filing to detail that its table games revenues for the 30-day period rose by 45.1% year-on-year to slightly above $57.71 million while associated takings from slots swelled by 10.7% to about $3.29 million.
Paradise Company Limited is responsible for hotel-based casinos in the cities of Seoul, Jeju and Busan and runs the $1.7 billion Paradise City integrated casino resort near Incheon International Airport in partnership with Sega Sammy Holdings Incorporated. This foreigner-only facility began welcoming gamblers in 2017 and offers a selection of 281 slots alongside 154 gaming tables and 62 electronic table games.
The South Korean operator reportedly also explained that last month’s combined table drop, which is the amount of cash that had been exchanged for chips, grew by 8.1% year-on-year to $438.55 million although this figure had represented a 15.1% decline when compared with August.
GGRAsia reported that Paradise explained that its aggregated casino revenues for the first nine months of the year now stood at around $470.78 million, which equates to a year-on-year improvement of some 23.5%. The firm purportedly advised that this boost was due in large part to a 24.9% comparable advance in table games takings to $442.99 million but had moreover been helped by a 4.9% escalation in slot earnings to just over $27.81 million.