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.
Extensive estate:
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.
Drop boost:
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.
Nine-month advance:
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.
