March improvement for South Korean casino operators
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Paradise Company Limited's gross gaming revenues for March decreased by 11.8% year-on-year to approximately $15.58 million. However, it represents a boost of 11% compared to the $13.93 million recorded for February.
Paradise Company Limited's gaming table revenues for March rose by 10.4% month-on-month to top $13.84 million. Its associated slot receipts came in at about $1.73 million, which equates to a sequential swell of 24.8%. Last month's table drop grew by 23.7% when compared with February to $106.85 million at Paradise City integrated casino resort near the port city of Incheon.
Paradise Company Limited's gross gaming revenues for the first three months of 2022 are down by 20.4% year-on-year to $44.39 million. The company will be looking for its numbers to improve over the next couple of months following a government decision to lift a mandatory seven-day quarantine requirement for vaccinated international tourists.
Grand Korea Leisure Company Limited's gross gaming revenues for March increased by 334.3% month-on-month to slightly over $24.36 million.
Grand Korea Leisure Company Limited is responsible for a trio of Seven Luck-branded casinos located inside Intercontinental Seoul Coex, Lotte Hotel Busan and Millennium Hilton Seoul facilities. The operator purportedly saw its gaming table revenues improve by 408.5% month-on-month and 460.7% year- on-year to nearly $22.89 million.
Grand Korea Leisure Company Limited's gross gaming revenues for the first three months of 2022 are up by 616.7% year-on-year to $46.29 million.
