Spring came early for South Korean casino operator Paradise Co Ltd., which saw its casino revenue climb by almost 34 percent in March.
Paradise, however, gave little explanation behind the robust casino sales in March when it announced before the Korea Exchange on Tuesday that its profit grew to KRW52.19 billion (US$49.5 million) in March 2018, higher than the KRW38.97 billion ($36.63 million) it posted in the previous year period.
Last month’s figure was also 20 percent higher than the KRW43.49 billion ($40.88 million) casino sales it reported in February 2018.
The casino operator said the upswing in March 2018 casino revenue was led by the casino tables, which grew 35.1 percent year-on-year to nearly KRW48.75 billion ($45.83 million). On the other hand, Paradise Co’s machine revenue was up 18.9 percent to KRW3.44 billion last month.