September gives Paradise Co. slight gain in revenue

It may not be much, but every little bit helps. Paradise Co., the South Korean-based foreign-only casino operator, announced its financial statement for last month yesterday, and said that it saw a revenue increase year-on-year, but only by 0.9%. The improvement comes as the company improved its electronic gaming machine (EGM) business by 37.4%.

The revenue for September was $46.84 million, up from the $46.41 million it collected a year prior. Table game revenue fell, but only slightly, resulting in the company taking in $43.67 million from table games last month. The fall was due to “bad luck” and the table drop grew 6% to $421.56 million.

EGMs gave the company $3.176 million during the month. This was significantly more than the $2.294 they earned in September 2017 for Paradise Co.

September growth may have been slow, the revenue reported by the company for the first nine months of the year was better. Paradise Co. earned $407.97 million over the period for an increase of 17% year-on-year. Table game revenue increased by 16.9% to $379.71 million and the table drop grew 12.4% to $3.705 million.