• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 22 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Korea’s Paradise Co sees casino revenues plummet 86.1% in April

Newsdesk by Newsdesk
Thu 7 May 2020 at 15:33
Korea recovery continues as Paradise Co sees June revenue soar 25.9%

Paradise City

19
SHARES
463
VIEWS
Print Friendly, PDF & Email

Korea’s leading foreigner-only Casino operator, Paradise Co, reported an 86.1% fall in casino revenues in April to KRW7.93 billion (US$6.5 million), having shuttered its four casinos for a large chunk of the month due to COVID-19.

Paradise closed Paradise City, Paradise Walkerhill, Busan Casino and Jeju Grand on 23 March, later reopening Jeju Grand on 13 April and the remaining three on 20 April – the first of Korea’s casinos to restart operations.

The impact, naturally, was significant with table game revenue for the month down 87.1% year-on-year to KRW6.91 billion and machine revenue down 71.7% to KRW1.02 billion. Table drop was down 90.4% to KRW56.80 billion (US$46.4 million).

April’s casino revenue results, which were also down 57.8% on March, mean that total casino revenue for the first four months of 2020 has fallen 25.8% year-on-year to KRW162.24 billion (US$132.6 million).

Paradise Co’s main rival in South Korea’s foreigner-only casino market, GKL, announced on Wednesday it has also reopened its properties.

RelatedPosts

Philippines senator calls for PAGCOR to split in two on conflict of interest concerns

Senate hearing into online gambling sector on hold as flood control scandal reveals almost US$17 million in embezzled funds lost in Philippines casinos

Thu 11 Sep 2025 at 06:43

Jeju Shinhwa World rebrands Landing Casino as “LES A Casino”

Wed 10 Sep 2025 at 06:26
Win rates rising for Grand Korea Leisure but major decline in February visitation points to coronavirus impact

Grand Korea Leisure sees casino revenues fall by 10% in August to US$25 million

Thu 4 Sep 2025 at 04:59
Age of Creation

Korea’s Paradise Co back on track in August as casino revenues soar past US$57 million

Wed 3 Sep 2025 at 05:33
Load More
Tags: casinoscovid-19GKLParadise CityParadise CoParadise WalkerhillSouth Korea
Share8Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

SBC Summit Lisbon organizers say 30,000 attendees booked 72,000 hotel room nights at 2025 event

SBC Summit Lisbon organizers say 30,000 attendees booked 72,000 hotel room nights at 2025 event

by Newsdesk
Mon 22 Sep 2025 at 06:25

This year’s SBC Summit attracted more than 30,000 attendees who booked a combined 72,000 room nights in Lisbon – making it the show’s biggest edition ever according to event organizers. The preliminary figures were unveiled at a press conference late...

IEC issues profit warning on widened losses through December 2021

Upgrade work at Manila’s New Coast hotel and casino has International Entertainment Corp expecting US$32.5 million loss in FY25

by Newsdesk
Mon 22 Sep 2025 at 05:48

Hong Kong-listed International Entertainment Corporation (IEC) said Friday it expects to report a widened loss of at least HK$260 million (US$32.5 million) for the financial year ended 30 June 2025, primarily due to increased costs since taking control of casino...

Delays in game approvals see Ainsworth revise revenue target down

Novomatic and Kjerulf Ainsworth both increase holdings as battle for control of Ainsworth Game Technology continues

by Ben Blaschke
Mon 22 Sep 2025 at 05:17

Austrian gaming giant Novomatic and its founder Johann Graf have increased their stake in Australian slot machine supplier Ainsworth Game Technology (AGT) to almost 60%. However, the Ainsworth family – which has publicly disputed Novomatic’s takeover efforts – have taken...

Renowned gaming lawyer Jamie Nettleton to represent IMGL on Judging Panel for inaugural RTG Global Awards

Regulating the Game to launch Industry Spotlight Sessions at 2026 Sydney conference

by Newsdesk
Mon 22 Sep 2025 at 04:56

Leading international gambling law and regulation conference Regulating the Game (RTG) has announced the launch of new “Industry Spotlight Sessions” as part of its 2026 program. The 2026 RTG conference will take place from 9 to 11 March 2026 at...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語