South Korean casino operator Paradise Company Limited has released its financial results for August showing a 19.5% increase year-on-year in total casino sales to $52.6 million helped by the performance of table games at its four properties.

Paradise Company Limited is responsible for the Paradise Casino Jeju Grand as well as casinos in Seoul, Busan and Incheon and last month spent $26 million in order to acquire the 167-room Embassy Suites By Hilton Orlando Downtown hotel in central Orlando, Florida.

Korea Exchange-listed Paradise Company Limited revealed that its August casino sales, which rose 18.4% on a month-to-month basis, was helped by a 22.7% swell year-on-year in table game sales to $50.4 million and came despite a 25.3% decline in machines sales to approximately $2.2 million.

For the first eight months of 2016, the South Korean firm declared that total casino sales hit around $372.8 million, which represented a 9.6% boost year-on-year, while table drop swelled by 1.8% to reach $2.9 billion. The January to August period saw table game sales improve by 10.8% year-on-year to $351.3 million while machine sales declined 6.6% to nearly $21.5 million.

Regarding the quarter to the end of June, Paradise Company Limited reported net income of approximately $23 million, which was up by 135.8% year-on-year, with respected Seoul-based brokerage firm Shinhan Investment Corporation stating in July that the casino operator would likely experience “sharp earnings improvement” in the third quarter thanks to a low comparison base.

Paradise Company Limited broke ground in 2014 on the foreigner-only Paradise City casino resort in Incheon and revealed that it is scheduled to open the development in partnership with Japanese pachinko operator Sega Sammy Holdings Incorporated in April.

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