Disappointing August for Paradise Company Limited

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for August demonstrating that it had experienced a 2% decrease year-on-year in aggregated earnings to around $46.1 million.

Historically bad month:

According to a report by GGRAsia, the Seoul-listed company ’s earnings for its 31-day period, which were revealed via an official Monday filing, represented an over 17% drop month-on-month and came after the operator listed a similar 8.4% reduction for the same month in 2017.

Asian nation’s most prominent casino firm:

Table and slot takings decrease:

GGRAsia reported the operator’s August table games earnings had deteriorated by 1.1% year-on-year to attain slightly over $43 million while its monthly takings from slots had decayed by a few 13.3% to strike roughly $3.1 million. Conversely, the identical month a year ago saw Paradise Company Limited detail a 65.5% reduction in returns from this latter group to about $3.6 million.

Optimistic eight-month amounts:

Concerning table drop, which the source defined as the sum of money that is traded by punters in return for casino chips, Paradise reportedly documented a 6 percent increase year-on-year to just short of $448.5 million to August while the eight-month figure had risen by a corresponding 13.4% to $3.3 billion.