Paradise Company Limited | World Casino News

Disappointing November for Paradise Company Limited

December 3, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has announced that its net gaming revenues for November declined by 84.5% year-on-year to just under $8.9 million as a direct result of the ongoing coronavi...

Seoul casinos ordered to close owing to a rise in coronavirus infections

Adam Morgan

November 23, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, South Korea

The four foreigner-only casinos located in and around the South Korean capital of Seoul are reportedly set to suspend operations from the early hours of tomorrow morning owing to a recent rise in the number of ...

Third-quarter net deficit for South Korea’s Paradise Company Limited

Adam Morgan

November 12, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has reportedly released its financial results for the third quarter showing that its net profit declined by over 147% year-on-year to a deficit of slightly ...

Paradise Company Limited being investigated by South Korean tax authority

Adam Morgan

November 9, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Tax Evasion, Taxation, Crime, Financial Fraud, South Korea

South Korean casino operator Paradise Company Limited has reportedly confirmed that it is one of the many subjects of an official investigation looking into a range of tax-related wrongdoing allegations. Acc...

Paradise City re-opening following coronavirus scare

Adam Morgan

September 9, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has reportedly announced that the gambling hall and hotel within its giant Paradise City development are set to re-open after being temporarily closed last ...

Coronavirus consequences for Paradise Company Limited

Adam Morgan

September 8, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has reportedly announced that its aggregated gaming revenues for August plummeted by 75% year-on-year to just over $14.55 million owing to a slump in visita...

Sega Sammy Holdings Incorporated records $31.3 million quarterly loss

Adam Morgan

August 6, 2020

Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly recorded a worrying loss of approximately $31.3 million for the second quarter as the ongoing coronavirus pandemic hurt sales across ...

Coronavirus-related June comedown for Paradise Company Limited

Adam Morgan

July 3, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has reportedly released its financial results for June showing that it had experienced a decrease of 80.8% year-on-year in aggregated gross gaming revenues ...

Paradise Company Limited records depressed May gaming revenues

Adam Morgan

June 4, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has reportedly released its financial results for May showing that it had experienced a 51.2% year-on-year decrease in aggregated gaming revenues to just ov...

Kangwon Land Casino to partially re-open from Friday

Adam Morgan

May 7, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, South Korea

In South Korea and the operator behind the Kangwon Land Casino has reportedly announced that the venue will be partially re-opened from tomorrow after being temporarily shuttered on February 23 as a result of t...

Paradise Company Limited re-opens casinos following coronavirus closures

Adam Morgan

April 20, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has reportedly announced that its four domestic venues have just been re-opened after being temporarily shuttered last month in response to the coronavirus ...

Paradise Company Limited records a discouraging March

Adam Morgan

April 3, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for March showing that aggregated gross gaming revenues had decreased by over 60% year-on-year to stand at s...

Jeju Dream Tower casino license application under evaluation

Adam Morgan

January 20, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Casino project updates, Licenses, South Korea

On the semi-autonomous South Korean island of Jeju and the under-construction Jeju Dream Tower integrated casino resort is reportedly being assessed by regulators over whether its opening could adversely impact...

Paradise Company Limited heralds successful September

Adam Morgan

October 2, 2019

Latest Casino and Gambling News, Economy/Finance, South Korea

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for September showing that it experienced an impressive 42.7% increase year-on-year in aggregated gross gami...

Mixed August financials for Paradise Company Limited

Adam Morgan

September 4, 2019

Latest Casino and Gambling News, Economy/Finance, South Korea

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 ...