By The Weekly Edge desk ·
GGRAsia reported 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.
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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.