SiGMA

Paradise Co records surge in casino sales for October

Posted:: Nov 04, 2020 11:38 Category: Asia , Casino , Posted by Kai

Paradise Co praises local expats for the increase in casino sales for October which amounted to KRW22.36 billion

Paradise Co, the South Korean foreign-only casino operator, recorded casino sales of KRW22.36 billion in October. This is an increase of 9% from September but still a decrease of 72.2% for the same period in 2019. Local expats are credited for this rise due to border closures around the world. 

The pandemic continued to have a negative impact on casinos in South Korea, due to global border Paradise-co-south-korea-900x600closures, with table games recording sales of KRW20.41 billion ($18 million) – a downfall of 73.4% – while slot machines were down 50.4% amounting to KRW1.80billion ($1.6 million).  

Although casino sales increased in October when compared to September, table drop actually fell by 7.7% to KRW125.54 billion ($110.6million) which indicates that good luck played a massive part in providing this reported increase. 

Paradise City, the company’s integrated resort project in Incheon, also shut down in early September after staff members tested positive for COVID-19, although the casino and some non-gaming amenities were open again within days. 

Through the first 10 months of 2020, Paradise Co’s casino sales are down 56.3% to KRW283.30 billion (US$249.7 million). 

About SiGMA’s revamped website:

SiGMA Group is excited to announce the launch of its newly revamped website. The website is currently available in 5 languages, English, Russian, Mandarin, Portuguese, and Spanish with plans to add another 5 languages over the coming months – namely French, Thai, Korean, Japanese, and Hindi.

 

 

Related Posts

Slotmill seals agreement with Vavada

Online casino Vavada will add Slotmill's games to their portfolio [caption id="attachment_171938" align="alignleft" width="133"] Johan Ohman, founder of Slotmill.[/caption] Vavada…

Kangwon land ordered to pay…

The firm unlawfully employed hundreds of people through political and internal ties, culminating in ex-CEO, Choi Hung-jib, being sentenced to…

Former CST boss appointed to…

Former Vice-President of the agency's Corporate Social Responsibility Group, James Patrick Bondoc, has been nominated to the Board of Directors…