Grand Korea, Paradise report strong revenue increases in January 2020

Two of South Korea’s foreign-only casino operators reported a very strong increase in revenues for January, 2020. According to data revealed on February 4, Paradise Co Ltd reported a 28.3% increase year over year. Meanwhile, Grand Korea Leisure Ltd (GKL) saw casino revenues increase by 57.2%.

At Paradise, the total January revenue reached nearly KRW72.0 billion ($60.63 million). Within their reporting data, the group explained the table revenue in January rose by 30.6% over the previous year, reaching KRW68.09 billion. That was a nearly KRW8 billion increase over January 2019. Slot machine revenue did see a minor decline of 1.7%, reaching just KRW3.91 billion.

At GKL, they reported total casino sales of KRW54.58 billion ($46.17). Table revenues for January 2020 were at KRW49.01 billion, a whopping 63.7% increase over the previous year. Even machine revenues saw a significant increase, increasing by 16.9% to a value of KRW5.57 billion.

That the two casino operators are continuing hot streaks that they had in 2019. Both reported strong November revenue increases, as Paradise saw an increase of 31.6% over the same period in 2018, while GKL saw an increase of 8.2% over the previous year.