South Korea’s foreigner-only casino operator Paradise Co Ltd. is back on its feet after its casino revenues accelerated by as much as 25.2 percent in May.
In a disclosure to Korean Stock Exchange, Paradise Co. announced that its May casino revenue grew to KRW51.96 billion ($48.5 million), compared to about KRW41.51 billion ($38.63 million) in May last year.
The casino operator managed to recover from a minor financial slip, with casino revenues surging 36.0 percent last month from KRW38.39 billion ($35.86 million) in April 2018.
The company attributed the higher May results to robust table revenue, which grew 22 percent to KRW47.53 billion ($44.23 million) compared with KRW38.98 billion ($36.27 million) it posted in the same month last year.