#Paradise Co

Akihabara News

Sega Sammy Acquires Online Casino Company

Akihabara News (Tokyo) - In a significant strategic move, Sega Sammy Holdings and its subsidiary Sega Sammy Creation have revealed plans to acquire GAN Limited (GAN), which is a Nasdaq-listed Software as a Service provider for casino operators in the United States as well as an online gaming operator in Europe and South America. This acquisition,…

Industry ・ 16 November 2023

Asgam

Korea’s Paradise, GKL continue positive momentum in August as casino revenues rise again

Leading South Korean foreigner-only casino operators Paradise Co and Grand Korea Leisure both reported strong growth in August, continuing their positive momentum since the easing of border restrictions last year. Paradise, which operates Paradise City in Incheon plus casinos in Seoul, Busan and Jeju, saw its casino revenue climb 24.5%…

Finance ・ 05 September 2023

Asgam

Korea’s Paradise Co runs bad in July as casino revenue plummets by 32%

Korea's leading foreigner-only casino operator Paradise Co lost some recently gained momentum in July, with casino revenue plummeting by 32.4% month-on-month to KRW63.5 billion (US$49.0 million). Both tables and slots were down, with table game revenue declining by 33.5% to KRW59.7 billion (US$46.0 million) and slots by 9.7% to KRW3.85 billion…

Finance ・ 02 August 2023

GGRAsia

S. Korea’s Paradise Co March casino revenue up 130pct y-o-y

Casino revenue at South Korea's foreigner-only casino operator Paradise Co Ltd surged by 129.5 percent year-on-year in March, according to a Tuesday filing by the company to the Korea Exchange. Such revenue was approximately KRW42.71 billion (US$32.6 million), compared to about KRW18.61 billion in March 2022. But the result was down 3.8 percent…

Finance ・ 09 April 2023

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Asgam

Korea’s Paradise, GKL finish 2022 on a high as casino sales surge in December

South Korea's leading foreigner-only casino operators, Paradise Co and Grand Korea Leisure (GKL), have this week reported major gains in casino revenue for FY22 - aided by a strong finish to the year in December. In separate filings with the Korea Exchange, Paradise reported casino revenue of KRW350.7 billion (US$274 million) for the year to 31…

Finance ・ 15 January 2023

Asgam

Casino revenues stabilize for Korea’s Paradise, GKL in November

South Korean foreigner-only casino operators Paradise Co and Grand Korea Leisure both saw their casino revenues fall month-on-month in November, having previously booked significant gains on COVID-19 recovery in October. According to information filed with the Korea Exchange, Paradise saw casino revenues fall 14.9% to KRW39.6 billion (US$30.5…

Finance ・ 04 December 2022

Asgam

Sega Sammy: Japanese VIPs heading back to Paradise City

VIP players from Japan are already heading back to Korea following the recent reopening of international borders, according to Japanese gaming giant Sega Sammy Holdings. Outlining the prospects of the group's Korean integrated resort Paradise City - a joint venture with local foreigner-only casino firm Paradise Co - in its June quarter results…

Covid ・ 07 August 2022

AGB - Asia Gaming Brief

Your Daily Asia Gaming eBrief: Where did skill-based slots go?

Good Morning. When was the last time you heard about skill-based gaming machines? We asked that same question at AGB last week and went out to get answers. What we've found is that while some have closed shop, the others that remain are alive and kicking - and now more focused after learning from mistakes of the past. In today's Deep Dive, we speak…

Covid ・ 09 May 2022

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Asgam

Korea’s Paradise Co sees casino sales fall 53.6% in November

South Korean foreigner-only casino operator Paradise Co saw its casino sales plummet by 53.6% month-on-month to KRW9.90 billion in November, bringing it back in line with revenues reported through most of the past two years. Paradise, which operates Paradise Walkerhill in Seoul, Jeju Grand, Busan Casino Paradise and Paradise City in Incheon, had…

Finance ・ 22 January 2022

Gambling Insider

GKL posts $5.3m in revenue for March 2021 amid casino reopenings

Grand Korea Leisure (GKL) has posted revenue of KRW5.95bn (US$5.3m) for March 2021 following the reopening of its Seoul casinos. The South Korean foreigner-only operator reported revenue of just KRW507m in February, when only Seven Luck Casino Busan Lotte was operational. GKL had all three of its casinos - Gangbuk Hilton, the Seven Luck-branded…

Finance ・ 04 December 2021

GGRAsia

Remote bets, blockchain can aid Jeju casinos: scholars

Jeju island, a semi-autonomous region of South Korea, with its own regulatory system for its foreigner-only casinos, should consider permitting casino-based remote gambling and blockchain technology for casino gambling transactions, to help the sector recover from the Covid-19 pandemic, said respectively several speakers at a Thursday discussion…

Crypto ・ 12 November 2021

GGRAsia

Dream Tower casino revenue US$3.6mln in opening 20 days

Lotte Tour Development Co Ltd, operator of the Jeju Dream Tower casino resort (pictured), on Jeju island, South Korea, released on Tuesday - via a note by Hana Financial Investment Co Ltd - its first set of gaming sales data, covering the period from the casino's opening on June 11, to June 30. Gaming revenue for the stub month, was just under…

Finance ・ 18 August 2021

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GGRAsia

Paradise Co October casino revenue up 9pct m-on-m

Casino revenue at Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, rose 9.0 percent sequentially in October, compared to September, the firm said in a Tuesday filing to the Korea Exchange. October casino revenue was KRW22.36 billion (US$19.7 million), versus just under KRW20.51 billion in September. But judged year-on-year,…

Finance ・ 20 May 2021

Asgam

Paradise Co casino sales stabilize in August but down 75% year-on-year

South Korean foreigner-only casino operator Paradise Co reported casino sales of KRW17.30 billion (US$14.6 million) in August - down 75% year-on-year but flat compared with July. With table game sales almost identical month-to-month at KRW15.41 billion (US$13.0 million) - slots fell 3.3% to KRW1.90 billion (US$1.6 million) - the numbers look likely…

Covid ・ 07 May 2021

Gambling Insider

Paradise Co January sales down 62% year-on-year

Paradise Co Ltd has reported January sales of KRW27.3bn (US$24.5m), representing a 62% year-on-year decline. The total was also a 36% month-on-month decrease. The South Korean casino operator, open to foreign nationals only, has been heavily affected by the COVID-19 pandemic, as with both the casino market and tourism market in the country more…

Covid ・ 04 February 2021