South Korea’s Paradise Co March Casino Revenue Rises by 130% Year-on-Year

Statistics of the Revenue

According to the recent update:

• yearly income accumulated around KRW 42.71 billion (equals US 32.6 million), which was a contrast to KRW 18.61 billion a year ago;
• the dividends went down by 3.8% from the previous month.

There was also data about the recent revenue in different verticals:

1. In the table games sector, the income rose by 137% compared to the last year, bringing in nearly KRW 39.09 billion. Nonetheless, in comparison with last month, it went down by 7%.
2. Machine game profits rose by 71.2% in comparison with last year and 54.1% sequentially. The segment accumulated about KRW 3.63 billion.

The enterprise did not provide any explanations about the underlying causes for all the changes.

Data on Q1 2023

The results of the opening quarter of the year are also up. The company's aggregate income rose by 151.5% from the previous year's period to nearly KRW 135.21 billion.

As for statistics by vertical:

• table game earnings were expanded by 162% yearly, which equalled almost KRW 125.7 billion;
• machine income was enhanced by 64.4% compared to 2022 and brought about KRW 9.51 billion.

The overall sum of money that punters traded for chips, which is called table drop, rose 252% and brought KRW 1.26 trillion. As for March, there was revenue of nearly KRW 425.41 billion. This became a 17.4% monthly increase and a rise of 226.3% from the same period in the last year.

The statistics of the enterprise are descended from the outcome its casino businesses have demonstrated. In general, the group has 4 establishments in different areas of South Korea.