South Korea-listed casino operator Paradise Co. Ltd has slashed its net loss by 91 percent in the second quarter of 2018, thanks to the influx of Japanese players in the country.

In a disclosure to the Korea Exchange on Wednesday, Paradise reported an improved net loss of KRW1.7 billion (US$1.5 million) for the three months ended June 30, 2018, against the KRW19.45 billion (US17.37 million) net loss it registered in the same period a year ago.

Paradise also incurred an operating loss of KRW67 million (US$59,847) during the second quarter of 2018 versus an operating loss of approximately KRW27.3 billion ($24.39 million) a year earlier.

The figures, however, paled in comparison with its first quarter 2018 performance, which chalked a net profit of KRW3.1 billion (US$2.77 million). For the first half of 2018, Paradise reported a total profit of KRW1.4 billion (US$1.25 million).