Paradise Company Limited bemoans coronavirus-linked slump

South Korean casino operator Paradise Company Limited has reportedly released its June financial results, which show aggregate gross gaming revenue fell 80.8% year-over-year to around $ 11.52 million.

According to a report by GGRAsia, the Seoul-listed company used an official Thursday filing to detail that the 30-day month was also down 53.6% from the $ 24.45 million recorded in May for the cumulative six-month balance sheet is 41.4% lower at only $ 171.71 million.

Current implications:

Paradise Company Limited operates the huge, integrated Paradise City casino resort near the city Incheon But he was supposedly forced to close this facility with 711 rooms and its playing area only for foreigners for a period of four weeks from March 23 as part of the nationwide effort to Coronavirus pandemic. GGRAsia reported that the operator was later required to close some of the non-gaming facilities at this venue indefinitely for the second time from Wednesday After the country reported 54 new cases of highly infectious disease, the total number rose to almost 13,000.

Half-year disappointment:

Also responsible for hotel casinos in the cities of Seoul, Jeju and Busan, Paradise Company Limited, also reportedly stated that it was June income from gaming tables had dropped by 82.2% to around the previous year $ 10.11 million The number of slots has dropped by 56.2% to just over $ 1.42 million. This is said to have reduced the six-month figure for the former by 41.7% to around 41.7% $ 159.97 million with the settlement of the latter by $ 11.74 million This corresponds to a corresponding reduction of 37.7%.

Persistent concern:

The Korea Centers for Disease Control and Prevention in reporting that South Korea has recorded so far 12,904 Cases of coronavirus for 282 deaths Paradise Company Limited is said to have announced that the recent closings of Paradise City would allowparticipateIn the governmentQuarantine program‘ To help ‘reduce and preventCases of the potentially fatal disease.


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