Paradise Co. casino revenue slides in 17Q1

Casino operator Paradise Co. Ltd. saw casino revenues slide 9.5 percent year-on-year in the first quarter of 2017.

According to the operator’s filing to the Korea Stock Exchange on Wednesday, casino revenue for the quarter was KRW 124.9 billion (US$110.3 million), with casino drop falling 2.8 percent to KRW1.2 trillion.

March casino revenues fell 10.8 percent to KRW 39.3 billion, which is compared to KRW 44 billion in the prior year period.

Table revenue fell 11.9 percent year-on-year to KRW 36.4 billion in the month, while machine revenue grew 5.2 percent to KRW2.9 billion.