Tag Archives: Paradise Co
South Korea – Paradise surpasses 2019 revenues to set new personal best
Paradise Co, South Korea’s number one foreigner-only casino group, not only surpassed pre-pandemic revenues in its three months to September 30 2023, it also set new records in revenues, EBITDA and profit. Its flagship Paradise Cityin Incheon, which it runs alongside Japan’s Sega Sammy Holdings, also generated all time highs in EBITDA and profit due…
South Korea – Table games drive 23.4 per cent increase in revenue for Paradise
Paradise Co, the South Korean casino operator, managed to increase its Gross Gaming Revenue by 23.4 per cent in 2019 reaching KRW784.81bn throughout the year. The increase was driven by a huge surge in table gaming revenues, up 24.7 per cent to KRW740.07bn, and accounting for 94.3 per cent of gaming revenues for the company….
South Korea – Paradise Co. and Grand Korea enjoy buoyant August
Paradise Co. and Grand Korea Leisure, South Korea’s leading casino operators, have both reported increases in gaming revenue in August. Paradise Co, owners of Paradise City integrated resort in Incheon, Paradise Walker-hill in Seoul, Jeju Grand and Busan Casino, saw revenues grow 36.1 per cent in August, compared to last year, reaching KRW69.28bn. Tables increased…
Korea – Paradise City hits ‘record high’ due to Chinese and Japanese gamblers
South Korean casino Paradise City reached ‘a record high’ in the three months to June 30 with casino revenue at the Incheon resort up 61.5 per cent in the second quarter to KRW86.35bn due to improved gambling spend by Chinese and Japanese gamblers. Drop increased by 33 per cent year-on-year to a record KRW1.85tn thanks…
South Korea – Paradise surges by 18.5 per cent in May
South Korean casino operator Paradise Co saw a healthy 18.5 per cent growth in its year-on-year revenues which reached US$52m (KRW61.43bn) in May. The company operates four gaming venues open only to foreigners in Seoul, on Jeju island, in Busan and Paradise City in Incheon. Table gaming was up 28 per cent to KRW609.09bn in…
South Korea – Paradise records steep rise in revenues
South Korean casino operator Paradise Co managed to boost its GGR during 2018 by 15.8 per cent, reaching KRW638.3bn (US$570.6m) for the year. Both tables and slots were key drivers in the increase with table revenue up by 15.7 per cent year-on-year to KRW595.7bn and slot revenue increasing by 16.9 per cent to KRW42.6bn. Paradise…
South Korea – Paradise City ramps up entertainment with launch of new facilities
Paradise Co will open the second stage of its phase 1 development of its Incheon integrated resort, Paradise City, on September 21. These total a combined 110,000 square meters and include Plaza – the shopping arcade, Cimer – a spa facility, Chroma – a night club, Art Paradiso – a suite-room only boutique hotel and…
South Korea – Chinese ban continues to affect Korea’s casino revenues
GGR at Korea’s foreigner-only casinos dropped by 5.4 per cent to KRW1.2tn (US$1.1bn) in 2017 due to the ongoing effects of China’s ban on tour groups to Korea in March 2017. The National Gambling Control Commission (NGCC) said the fall was due to a drop in attendance at the country’s 16 foreigner-only properties which was…
Korea – Paradise enjoying impressive growth in 2018
South Korean casino operator Paradise Company managed to increase its revenues by 33.9 percent year-on-year in March, with GGR coming in at KRW52.19bn (US$49.5m). The foreigner-only casinos saw table revenue increase by 35.1 per cent year-on-year in March to nearly KRW48.75bn whilst machine revenue increased by 18.9 per cent to KRW3.44bn. It’s been a good…
