Paradise Co revenue jumps 23.7% in H1 2018

Casino revenue of South Korean casino operator Paradise Co. Ltd. remained robust in the first six months of the year, growing by as much as 23.7 percent despite a minor financial slip in April.

In a filing to the Korean Stock Exchange, Paradise announced that its casino revenue from January to June 30, 2018 reached KRW296.31 billion (US$264.67 million) this year, significantly higher than the KRW241.7 billion (US$210.3 million) the casino operator posted in the prior-year period.

Financial data showed that Paradise’s table revenue from January to June 2018 was at KRW275.41 billion ($246.62 million), 23.7 percent higher than the KRW224.8 billion ($194.72 million) it posted during the same period last year.

Machine game sales for the first six months of 2018 was at KRW20.9 billion ($18.7 million), up 23.7 percent from KRW16.9 billion ($14.64 million) in H1 2017.