Korean casino operator Paradise Co played unlucky in March, with gaming revenue across its properties falling 0.9% year-on-year to KRW50.63 billion (US$44.7 million) despite a 7.6% increase in table drop.
Paradise’s March results also represented an 8.5% decline on February 2019 numbers, with table game revenue of KRW47.58 billion, down 0.1% year-on-year, and slot machine revenue of KRW3.05 billion, down 11.3%.
While revenue fell, table drop increased 7.6% year-on-year and 3.6% sequentially to KRW540.86 billion (US$477.3 million).
Table drop for the first three months of 2019 increased 19.1% on the prior year period to KRW1.62 trillion.
The results are based on casino revenues at Paradise’s four Korean properties – Paradise City, Paradise Walker-hill, Jeju Grand and Busan Casino.
The company recently signed a Memorandum of Understanding with Suncity Group Holdings regarding a potential cooperation agreement at Busan.