COMPANY REPORTS MARCH TOTAL GAME SALES DOWN 11.8% Y/Y TO APPROXIMATELY $15.58 MILLION.
Still, the results of the Seoul-listed company are up 11.8% from a record $13.93 million in February as the country's casino industry continues to struggle with coronavirus-related capacity and public health restrictions, according to a report by Inside Asian Gaming.
Slot detection:
Paradise Company Limited reportedly used official documentation that game table sales rose 10.4% month-on-month to $13.84 million in March, while related slot receipts amounted to about $1.73 million, an even more impressive consecutive growth rate of 24.8%. The company behind the huge Paradise City integrated casino resort near the port of Incheon is also understood to have mentioned a 23.7% increase when tables topped just $168 million last month.
Extended Latency:
Farada to be responsible for scaling back hotel-based gambling operations in Jeju, Busan and Seoul, according to reportsIS COMPANY LTD SAYS ITS MARCH 2022 TOTAL GAME SALES DOWN 20.4% Y/Y TO $44.39 MILLION, WITH RELATED TABLE DOWN 4.8% TO ABOUT $294.27 MILLION. The source nevertheless explained that the company will now need to improve the numbers over the next month following the government's decision to lift the mandatory seven-month vaccination.
Competitive Recovery:
Related news and GGRASia said in a report Wednesday that the challenging South Korean casino operator Grand Korea Leisure Limited saw a staggering 334.3 percent on-month increase in total game revenue in March to $24.36 million. The company is a subsidiary of the Korea Tourism Organization, and it is rumored that last month's performance is up nearly 400 percent.
Comprehensive Return:
Established in 2004, Grand Korea Leisure operates three Seven Luck-branded casinos in Korea's Intercontinental Seoul COEX, Lotte Hotel Busan and Millennium Hilton Seoul facilities, with combined slot revenues of 333.4% and $855 million, respectively, up 408.5% from the previous month and 460.7% from the previous year to $22.89 million.
Quarterly lift:
Finally, Grand Korea Leisure Limited reportedly claimed its March 2022 total game revenue figure was $46.29 million, up 616.7% from a year earlier.