Korea casino sales improve in May

Monthly sales figures for South Korea’s foreigner-only casinos improved in May and the outlook for hard-hit Jeju is also picking up as Covid restrictions are lifted.

Paradise Co reported May sales of KRW17.08bn (US$13.6m), which was up 25.8 per cent from the same month last year, though down slightly from the KRW17.22bn reported the month before.

The group’s Paradise City integrated resort, which is a joint venture with Sega Sammy, and its casino on Jeju both reported rising sales in May. However, the gains failed to outweigh a slight dip at its Walkerhill and Busan properties.

Grand Korea Leisure reported May sales of KRW18.2bn, up 215 per cent from April. The company operates two casinos in Seoul and one in Busan.

Lotte Tour Development, which operates the Jeju Dream Tower, said it had its highest ever monthly sales from its hotels and retail outlets as social distancing measures were eased.

Source: Asia Gaming Brief