By The Weekly Edge desk ·
South Korea's sole casino permitted to admit domestic customers is accelerating an expansion project, iGaming Brazil reported. The project aims to attract more overseas visitors following the pandemic's impact.
The expansion targets overseas visitors at South Korea’s sole casino permitted to admit domestic customers.
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The figures give investors September revenue and quarterly performance data for Paradise Co’s casino operations.
Grand Korea Leisure’s September casino revenue rose 7.2% year on year, showing investors growth at the foreigner-only operator.
Investors face differing demand prospects as NH Investment & Securities expects tourism to support mass-market casinos more than VIP gaming.
Investors face declining August casino sales despite annual growth in casino drop and sales across the first eight months.
Grand Korea Leisure’s August casino revenue fell 11.3% year-on-year, giving investors a direct measure of declining revenue.