South Korean Casino For Foreigners Is Losses

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January 28, 2022
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Despite the unprofitability, a casino operator for foreigners, paradise co ltd, notes a reduction in the annual deficit.

South Korean casino for foreigners is losses

The company’s losses amounted to 17.07 billion won ($ 15.2 million) in the last three months of 2018. In the previous year, this figure reached 11.8 billion won. The operator did not provide additional explanations about which was the cause of such results over the past few quarters.

However, it was noted that paradise sega sammy co ltd – the company that manages the paradise city casino, – also stated net losess in the amount of 42.46 billion won. Paradise sega sammy was founded by paradise cowener with japanese sega sammy holdings inc.

Paradise co published information about the operational expenditures that were provoked by the opening of the second stage of construction paradise city. In november, it was announced that in the first half of this year thematic park will open in paradise city.

Sales of paradise city amount to 71.80 billion won, an increase of 16.6% compared to the same period of 2017, when an indicator was recorded 61.60 billion vo.

Sales of the paradise co casino amounted to 104.20 billion won, which is 10.1% more than in the same period last year. The total sales of paradise hotel busan amounted to 21 billion won, demonstrating an increase of 2%.

According to preliminary data, the company’s net loss has decreased to 10.97 billion won. In 2017, an indicator of 18.95 billion won was recorded. The total income of the company amounted to 1.61 trillion.

Recall that south korea has strengthened measures to combat illegal gembling operators.

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