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Korea’s Paradise Group books 8.1% sequential casino growth in November

Wednesday, 06 December 2017 05:39
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Korea’s leading foreigner-only operator Paradise Group has seen casino revenues rise 3.9% year-on-year and 8.1% sequentially in November to KRW54.78 billion (US$50.4 million) as its integrated resort, Paradise City, continues to slowly ramp up.

The figures, which incorporate revenues from Paradise City, Paradise Walker-hill, Jeju Grand and Busan Casino, include an 8.7% increase in tables games revenue to KRW51.31 billion.

However, casino revenues for the first 11 months of 2017 are down 9.1% on the same period last year to KRW508.3 billion (US$467.2 million).

Notably, despite a sequential increase in revenue, table drop fell 11.6% year-on-year in November to KRW432.21 billion, but was up 13.9% sequentially. Table drop for the first 11 months of the year is up 5.2% to KRW4.65 trillion.

 

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