Korea’s Paradise Co makes it seven consecutive months of growth in October

South Korea’s Paradise Co booked a seventh consecutive month of year-on-year casino revenue growth in October, with revenue up 15.4% to KRW80.90 billion (US$69.8 million).

The company was aided by better luck compared to the same month in 2018, with table drop up just 1.2% to KRW569.31 billion (US$491 million) – although that figure represented a 7.6% sequential increase.

Both table games and electronic gaming machines performed well in October, with table game revenue rising 14.6% year-on-year and 11.6% sequentially to KRW76.92 billion and EGM revenue up 34.3% year-on-year and 0.2% compared with September to KRW3.98 billion.

For the first 10 months of 2019, table drop is up 20.7% to KRW5.75 trillion and revenue 22.3% to KRW648.06 billion.

Paradise Co operates four casinos in Korea – Paradise Walker-hill, Jeju Grand, Busan Casino and Paradise City.

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