Thursday, June 30, 2022

Paradise, GKL casino revenues up despite virus fears


South Korea’s foreigner-only casinos saw an uptick in February casino revenues, despite coronavirus scares. 

Paradise Co Ltd saw its casino revenue rise 16.2 percent year-on-year in February, reaching KRW64.3 billion (US$54.2 million), driven by table games revenue, slightly offset by gaming machine revenue.

The company, however, has closed several non-gaming facilities in response to the government’s efforts to curb the spread of the coronavirus. 

Grand Korea Leisure, said its casino sales in February rose 38.1 percent year-on-year to KRW44 billion, also driven largely by table games revenue.

South Korea’s only locals permitted casino resort, Kangwon Land - is likely to see dampened results as a result of its casino shutdown that began on February 23, and currently set to last until March 9. 

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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