Tag Archives: paradise city
- Paradise City suffering from South Korea’s spat with China
July 31, 2017
South Korea’s first major integrated resort casino is enjoying healthy visitation since its opening this April, at least, healthy according to its operators. South Korean foreigners-only casino operator Paradise Co Ltd opened Paradise City, the nation’s first major integrated resort, in April this year. The success of the launch has...
- Paradise Co H1 revenue falls 20%
July 6, 2017
Revenue of South Korean casino operator Paradise Co Ltd dropped 20.7 percent in the first half of the year due to a weaker gaming segment. In a regulatory filing, Paradise Co told the Korean Exchange on Wednesday that its revenue for January to June 30, 2017 was estimated at KRW241.7...
- Paradise City launch can’t rescue Paradise Co Ltd’s gaming revenue
June 7, 2017
The launch of South Korea’s first major integrated resort casino failed to reverse the flagging fortunes of its parent company. South Korean casino operator Paradise Co Ltd reported gaming revenue of KRW41.6b (US $37.1m) in the month of May, representing a 30.4% decline from the KRW59.7b the company reported in...
- Paradise City to host APT Korea Incheon 2017
June 5, 2017
The recently-opened Paradise City Incheon will host the Asian Poker Tour’s second event for the year in South Korea – APT Korea Incheon 2017 from August 12th to the 20th. The nine-day action packed schedule will feature a Main Event buy in of KRW 1,100,000. Popular APT events like the...
- Paradise Co. Q1 net income plunges 92%
May 17, 2017
Net income of casino operator Paradise Co. Ltd plunged by 92 percent in the first quarter of the year, the third South Korean operator to report a dismal revenue. Paradise alerted the Korea Exchange that its net income for the first three months of 2017 dropped to KRW1.27 billion (US$1.13...
- Newly-opened Paradise City prepares to receive 1.5M visitors in 2017
April 21, 2017
Despite the decreased influx of Chinese tourists, South Korea’s Paradise City casino resort is gearing up to welcome an estimated 1.5 million visitors in 2017. The glitzy $1.1 billion Paradise City, considered to be the first Las Vegas-style integrated resort in Northeast Asia, opened at Yeongjong Island near Incheon International...
Tensions in Asia propel bitcoin past $4,000 to new milestone
August 14, 2017
Kangwon Land casino paying problem gamblers to stay away
March 24, 2017
Cyberattack cripples Korean bitcoin exchange Bithumb
July 6, 2017
Chinese tourists maintain biggest spenders’ crown
April 13, 2017