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Paradise Co. casino revenue up 6.2 percent in 2016


South Korean casino operator Paradise Co. Ltd says casino revenue rose 6.2 percent in the full-year 2016, according to a filing from the firm to the Korea Exchange.

Full-year revenue for the casino operator was KRW 603.1 billion (US$505.9 million), up 6.2 percent from KRW 567.9 billion in 2015.

According to the filing, table game revenue rose 7.2 percent in 2016, while machine game revenue fell 7.3 percent for the full year 2016.

In November, Paradise reported a 7.2 percent year-on-year increase in casino sales to KRW 53.91 billion.

The casino operator reported a drop in profit for the third quarter of 2016, with profit for the quarter at KRW 10.5 billion, down 14.8 percent compared to KRW 12.3 billion in 15Q3.

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