By SectorWire desk ·
The report said that South Korea plans to increase casino operators’ payments to the state tourism fund. Paradise shares fell more than 23% over five days following the proposal.
The proposed fee increase would raise operators’ contributions to the tourism fund.
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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.
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.
The sales increase gives investors a measure of annual casino revenue growth at Lotte Tour Development.
Investors face mixed performance: annual sales growth accompanied lower monthly sales and falling table hold despite higher table drop.