Paradise Co reaps $50M revenue in November

South Korea’s foreigner-only casino operator Paradise Co. Ltd. posted a KRW54.78 billion (US$50.6 million) revenue in November on the back of a vibrant slot machine segment.

In a disclosure to the Korea Exchange on Tuesday, Paradise said its casino revenue grew 3.9 percent in November 2017 from KRW52.73 billion (US$48.51 million) in the same period last year.

Paradise’s slots segment has fueled the casino operator’s revenue last month, surging by 36.8 percent to KRW3.47 billion (US$3.19 million) from KRW2.54 billion (US$2.34 million) in the prior-year period.

The table revenue of Paradise, on the other hand, had modest gains last month, growing 2.2 percent year-on-year to nearly KRW51.31 billion (US$47.2 million), from nearly KRW50.19 billion (US$46.17 million) a year earlier.