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Paradise Co records surge in casino sales for October

Paradise Co praises local expats for the increase in casino sales for October which amounted to KRW22.36 billion

Paradise Co, the South Korean foreign-only casino operator, recorded casino sales of KRW22.36 billion in October. This is an increase of 9% from September but still a decrease of 72.2% for the same period in 2019. Local expats are credited for this rise due to border closures around the world. 

The pandemic continued to have a negative impact on casinos in South Korea, due to global border Paradise-co-south-korea-900x600closures, with table games recording sales of KRW20.41 billion ($18 million) - a downfall of 73.4% - while slot machines were down 50.4% amounting to KRW1.80billion ($1.6 million).  

Although casino sales increased in October when compared to September, table drop actually fell by 7.7% to KRW125.54 billion ($110.6million) which indicates that good luck played a massive part in providing this reported increase. 

Paradise City, the company’s integrated resort project in Incheon, also shut down in early September after staff members tested positive for COVID-19, although the casino and some non-gaming amenities were open again within days. 

Through the first 10 months of 2020, Paradise Co’s casino sales are down 56.3% to KRW283.30 billion (US$249.7 million). 

About SiGMA's revamped website:

SiGMA Group is excited to announce the launch of its newly revamped website. The website is currently available in 5 languages, English, Russian, Mandarin, Portuguese, and Spanish with plans to add another 5 languages over the coming months - namely French, Thai, Korean, Japanese, and Hindi.

 

 

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