Paradise Company Limited records a successful May

South Korean casino operator, Paradise Company Limited, has allegedly introduced its financial results for May, showing that it experienced a 24.2% increase year-on-year in overall gaming revenues to slightly over $48.33 million.

According to a report from GGRAsia, the Seoul-listed firm announced a 22% reduction year-on-year in table games revenues for its 31-day month to nearly $44.22 million while its own slot takings of $4.12 million represented a 74.6% rise.

The largest casino operator at South Korea, Paradise Company Limited, allegedly runs gambling facilities in the cities of Seoul, Jeju and Busan while last year saw it inaugurate its $1.7 billion Paradise City incorporated casino hotel on a 10.6-acre plot of land adjoining to Incheon International Airport. The firm gave no explanation for its May improvements but did detail which aggregated gaming revenues during the first five weeks of 2018 had climbed by 16.6% year-on-year to reach just in excess of $222.19 million.

GGRAsia reported that five-month table games revenues for Paradise Company Limited had climbed by 15.8% year-on-year to about $207.36 million thanks to a 17.9% increase in aggregated table fall to just under $2.14 billion while its own slot takings for its 151-day period of almost $16.69 million represented a 28.2% strengthening.

Last month saw Paradise Company Limited reveal a 61.6% year-on-year decrease in company-wide first-quarter net income to about $2.9 million while its operating profit for its period plummeted by around 37.5percent to about $4.5 million. It purportedly explained that this came despite the casino operator documenting a 26% escalation in total revenues to in excess of $168.2 million whereas its own casino takings had grown by some 19.9percent to reach around $139.9 million.