By SectorWire desk ·
The report said that Paradise Co recorded July casino sales of KRW77.89bn. Sales increased 3.6% year-on-year and 25.8% from the previous month.
The results show higher casino sales for Paradise’s South Korean operations.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
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.
The monthly revenue record and growth across all four casinos give investors evidence of higher sales across Paradise Co’s venues.
Higher table hold accompanied Paradise’s revenue growth while VIP visiting days remained broadly stable, contextualising the increase for investors.
Paradise Entertainment’s shift from profit to loss accompanies no interim dividend for shareholders.
Paradise Entertainment attributes its expected first-half loss to its Macau satellite casino closure and lower casino equipment sales.