South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for May, showing that it experienced a 24.2% increase year-on-year in total gaming revenues to slightly over $48.33 million.
According to a report from GGRAsia, the Seoul-listed firm announced a 22% swell year-on-year in table games revenues for the 31-day month to almost $44.22 million while its slot takings of $4.12 million represented a 74.6% rise.
The largest casino operator in South Korea, Paradise Company Limited, reportedly runs gambling facilities in the cities of Seoul, Jeju and Busan while last year saw it inaugurate its $1.7 billion Paradise City integrated casino resort on a 10.6-acre plot of land adjacent to Incheon International Airport. The firm gave no explanation for the May improvements but did detail that aggregated gaming revenues through the first five months of 2018 had climbed by 16.6% year-on-year to reach just in excess of $222.19 million.
GGRAsia reported that five-month table games revenues for Paradise Company Limited had risen by 15.8% year-on-year to approximately $207.36 million thanks to a 17.9% growth in aggregated table drop to just under $2.14 billion while its slot takings for the 151-day period of nearly $16.69 million signified a 28.2% strengthening.
Last months saw Paradise Company Limited reveal a 61.6% year-on-year decline in company-wide first-quarter net income to about $2.9 million while its operating profit for the three-month period plummeted by around 37.5% to approximately $4.5 million. It purportedly clarified that this came despite the casino operator recording a 26% escalation in total revenues to in excess of $168.2 million while its casino takings had grown by some 19.9% to hit around $139.9 million.