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.