South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for August showing that it experienced a 36.1% increase year-on-year in aggregated gross gaming revenues to approximately $57.52 million.
According to a report, the Seoul-listed firm used an official Tuesday filing to detail that its August table games revenues rose by 39.1% year-on-year to slightly above $54.74 million although associated takings from slots declined by 4.3% to about $2.78 million.
Paradise Company Limited runs hotel-based casinos in the cities of Seoul, Jeju and Busan and opened its $1.7 billion Paradise City integrated casino resort near Incheon International Airport in partnership with Sega Sammy Holdings Incorporated in 2017. The operator reportedly also explained that last month’s combined gross gaming revenues had represented a 5.8% drop when compared with July’s figure, which itself had been 3.2% higher month-on-month at roughly $61.07 million thanks mainly to a 21% swell in table games takings.
GGRAsia reported that Paradise has now seen its aggregated gaming revenues for the first eight months of 2019 rise by 21.1% year-on-year to around $410.53 million due in large part to a 22.4% boost in table games takings to almost $386.04 million. This period has moreover purportedly seen the operator record a 25.3% improvement in table drop to $3.86 billion although combined revenues from slots has diminished by some 4.2% to come in at just above $24.55 million.
Paradise additionally used the filing to inform investors that its net loss for the six months to the end of June had amounted to approximately $7.95 million although only about $1.71 million of this deficit had been racked up during the second quarter.