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Paradise City gaming rev down 30 pct in May


South Korean casino operator Paradise Co. reported a 30.4 percent decline in gaming revenue in the month of May, reaching KRW 41.6 billion (US$37.1 million).

Table game revenue was down 30.9 percent to KRW 39 billion, while machine gaming was down 20.3 percent to KRW 2.54 billion.

May was also the first full month of operation of the company’s $1.1 billion, mass-market oriented property, Paradise City Integrated Resort, which opened on April 20, 2017.

Analysts earlier expressed concerns about the prospects for the South Korean market given China's crackdown on marketing to its citizens and some travel restrictions.

Bloomberg Intelligence analyst Margaret Huang noted in April that Paradise City may face difficulties due to a ban on Chinese tour groups to the country.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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