Paradise Co. April revenue down from March, but improves year-on-year

Paradise Co, an operator of foreigner-only casinos in South Korea, reported its monthly sales for April, which continue to show a choppy recovery falling 34 percent from the prior month. Total revenue was KWR14.2 billion ($12.6 million), down from KRW22.5 billion in March. Still, the figure was almost double the KRW7.9 billion reported in the same month last year. Paradise operates four foreigner-only casinos and has a joint venture with Sega Sammy for the Paradise City integrated resort in Incheon.