Paradise records first Chinese VIP growth in 2 years

Things continue to look up for South Korean casino company Paradise Co. Ltd.

Paradise Co’s casino revenue saw a 19% year-on-year spike in September, totaling KRW41.64 billion (USD37.35 million) compared to the same period last year, the company said in a filing to the Korea Exchange. The operator’s aggregate casino revenue for the nine months ending September 30 also rose  nearly 10.4% to reach KRW453.46 billion(USD406.9 million), the company said in a filing to the Korea Exchange.

But if compared on a month-to-month basis, Paradise Co’s aggregate casino revenue for September was 28.2 percent lower compared to August’s KRW57.98 billion.

Table games revenue pitched in KRW38.63 billion, a 21.7 percent increase year-on-year. Gaming machine revenue, on the other hand, dropped 7.8 percent year-on-year to KRW3.01 billion. But table drop rose 4.7 percent year-on-year to reach KRW389.62 billion.