Paradise Company Limited records dismal January gaming revenues

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated gross gaming revenues for January fell by almost 61.8% year-on-year to approximately $24.44 million.

According to a report from GGRAsia, the Seoul-listed firm revealed that the figure represented a 36.2% drop when compared to December’s finishing tally of about $38.34 million and came as a direct result of the coronavirus-related closure of several of its venues. The source detailed that this downturn moreover followed a 2020 in which the operator saw its annual aggregated gross gaming revenues plummet by some 57% year-on-year to roughly $300.57 million.

Comprehensive collapse:

Paradise Company Limited is responsible for the giant Paradise City integrated casino resort near the port city of Incheon as well as smaller hotel-based operations in Seoul, Busan and Jeju. The company purportedly explained that its January gaming table sales had declined by 62.2% year-on-year to in the region of $22.83 million its while takings from slots were some 54% lower at around $1.6 million.

Slight success:

However, the casino operator reportedly revealed that its slot revenues for January were actually 28.7% higher than the around $1.25 million chalked up for the whole of December while takings from gaming tables had crashed by a relatively less discouraging 38.4% when set aside that earlier month’s final tally of $37.08 million.

Valentine’s value:

In an effort to claw back some of this lost revenue and Paradise Company Limited has additionally pronounced that its 711-room Paradise City development will be running a special promotion on February 13 offering romantic couples the chance to enjoy one night in a deluxe luxury suite. The firm used an official press release to state that the Love Me So Sweet offer is to entitle participants to a nine-course meal with specially-selected wines as well as exclusive access to the expansive facility’s heated pool, spa, art space and entertainments.