South Korea’s leading foreigner-only casino operator, Paradise Co, saw its casino revenue fall 5.7% year-on-year to KRW17.07 billion (US$14.2 million) in February as border closures continue to keep visitation subdued.
The figure also represents a 5.9% decline from revenue of KRW18.14 billion (US$15.1 million) in January.
According to details filed with the Korea Exchange on Wednesday, February’s casino revenue included KRW15.38 billion (US$12.8 million) from table games, down 4.1% year-on-year, and KRW1.70 billion (US$1.4 million) from machines, down 17.7%.
Table drop of KRW105.38 billion (US$87.6 million) was 11.5% lower year-on-year.
Casino revenue for January and February combined is down 22.6% compared with the first two months of 2021 to KRW35.21 billion (US$29.2 million).
Paradise operates four casinos in Korea – Paradise Walkerhill in Seoul, Jeju Grand, Busan Casino Paradise and Paradise City in Incheon.
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