South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for July showing that it experienced a 19.1% increase year-on-year in aggregated gross gaming revenues to approximately $61.07 million.
According to a Monday report, the Seoul-listed firm is responsible for four foreigner-only facilities spread across the Asian nation and used an official filing to additionally detail that its total gaming revenues for July had been 3.2% higher when compared with the previous month.
Paradise Company Limited runs hotel-based casinos in the cities of Seoul, Jeju and Busan and opened the $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 its July revenues from gaming tables swelled by around 21% year-on-year to surpass $58.08 million while associated drop for the 31-day period was 20.9% higher at almost $458.94 million.
In terms of slots, Paradise moreover stated that aggregated gross revenues in July decreased by 8.9% year-on-year to around $2.99 million, which moreover represented a month-on-month decline of some 6%, while the period’s aggregated gaming table drop had been 9.4% lower when compared with June.
GGRAsia reported that July’s results mean that Paradise has managed to rack up seven-month aggregated gross gaming revenues of nearly $350.51 million, which equates to a 19.1% boost year-on-year, helped by an associated 20.1% rise in takings from its tables at $328.97 million as well as a 5.4% boost from slots to just shy of $21.61 million.
Finally, the casino firm announced in May that it had chalked up a first-quarter net loss of slightly over $6.19 million, which compared with a $2.55 million profit for the same period in 2018, despite its aggregated gross gaming revenues improving by almost 12.4% to top $166.14 million.