Paradise reports September casino revenue of KRW86.7bn in South Korea
The figures give investors September revenue and quarterly performance data for Paradise Co’s casino operations.
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The figures give investors September revenue and quarterly performance data for Paradise Co’s casino operations.
Investors face differing demand prospects as NH Investment & Securities expects tourism to support mass-market casinos more than VIP gaming.
Higher table hold accompanied Paradise’s revenue growth while VIP visiting days remained broadly stable, contextualising the increase for investors.
The monthly revenue record and growth across all four casinos give investors evidence of higher sales across Paradise Co’s venues.
Paradise Entertainment’s shift from profit to loss accompanies no interim dividend for shareholders.
Lower equipment revenue and the end of casino management income both contribute to Paradise Entertainment’s projected loss.
Paradise Entertainment attributes its expected first-half loss to its Macau satellite casino closure and lower casino equipment sales.
The results show higher casino sales for Paradise’s South Korean operations.
The proposed fee increase would raise operators’ contributions to the tourism fund.
Key developments by month.