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Tag Archives: Paradise Co

Korea- Surging slots help Paradise bounce back

A healthy slot segment has helped South Korean operator Paradise Co to bounce back in November with GGR of KRW54.78bn(US$50.6m). Gaming revenue increased by 3.9 per cent in November 2017 from KRW52.73bn (US$48.51m) for the corresponding month last year. The company’s slot revenue increased by 36.8 per cent to KRW3.47bn (US$3.19m) whilst the tables saw…

South Korea – Paradise sees profit fall despite revenue rise

South Korean casino operator Paradise Co. saw a rise in revenue in the third quarter due to a recovery in Chinese VIP play but it still saw its quarterly profits fall spectacularly. Profits dropped by 86.5 per cent to KRW1.4bn ($1.26m) from last year’s quarterly figures despite an 11.9 per cent increase in revenues to…

South Korea – Paradise City opens in South Korea amid Chinese travel ban

South Korean casino operator Paradise Co and Japan’s pachinko specialist Sega Sammy have now cut the ribbon on Paradise City, the first integrated resort in Northeast Asia, which has opened at Yeongjong Island close to Incheon International Airport in South Korea. The foreigner-only casino has debuted with 154 game tables, 281 slot machines and 62…

South Korea – Paradise City to open on April 20

Paradise Sega Sammy has confirmed that it will open South Korea’s first integrated resort Paradise City on April 20, 2017. Located at the centre of a new tourist hub in Seoul, South Korea, the project combines a 3,600m2 retail complex with a nightclub of 6,200m2 that sits adjacent to it. Phase 1 of the project…

South Korea – Paradise City to drive revenue increase for Paradise

The anticipated April opening of new casino resort Paradise City in Incheon is expecting to help drive a revenue increase for South Korean operator Paradise Co of around 35.3 per cent. June-won Sung, analyst at Seoul-based brokerage Shinhan Investment, said: “Paradise Co as a whole is forecast to post sales of KRW938.6bn[US$805.3m]. The share price…