Paradise Group November Sales Drop 5 Percent

Paradise Group gain

Paradise Group casino sales fell almost 5 percent in November as a gain in electronic gaming machine revenue failed to offset a drop in tables.

The company said total revenue for the month was 51.6 billion won (US$46.4 million), down from 54.3 billion won (US$48.9 million) in the same period a year earlier. Table revenue fell 6.7 percent to 47.4 billion won (US$42.7 million), while machine revenue was up 22.9 percent to 4.2 billion won (US$3.7 million).

For the 11 months through to end November, casino revenue gained 16.6 percent to 583.2 billion won (US$525 million), with table sales up 16.7 percent and machine sales up 15.7 percent.

Paradise gives no explanation for the trends in its monthly figures to the Korean Stock Exchange.

Casino drop in November was up 20.4 percent from a year earlier, while for the 11 months, it was up 13.5 percent.

Paradise Group runs the Walker Hill, Jeju Grand, and Busan Casinos, as well as the country’s first IR, Incheon Paradise City, which is a joint venture with Japan’s Sega Sammy. (AGB)