Paradise Inc., which operates foreign-only casinos in South Korea, reported a net profit of 6.99 billion won for its shareholders in the first quarter, according to data submitted to the Korea Exchange Wednesday. This is an improvement from a loss of 4.05 billion won over the past three months and a loss of 28.58 billion won in the first quarter of last year. 우리카지노탑

The casino company reported first-quarter revenue of nearly 191.52 billion won, a 0.9% sequential decline, and a 92.0% year-over-year increase.

In a separate presentation released on Wednesday, the company said "casino sales" for the first three months of 2023 were up 19.7% quarter-on-quarter, slightly below 70.97 billion won. It was up nearly 129.0% year-on-year.

Casino Sales refers to three casinos, Walkerhill in Seoul, Paradise Jeju Island, and real estate in the port city of Busan, which are directly operated by Paradiseco.

At Paradise City Resort in Incheon (pictured), sales of its "integrated resort" business, a joint venture with Japan\'s Sega Sammy Holdings, fell 9.5 percent quarter-on-quarter to exceed W91.26 billion. Sales doubled year-on-year.

Consolidated resort sales figures include sales of casinos, hotels and theme parks in Paradise City.

For the three months to March 31, group overall sales were 156.05 billion won, down less than 1.1% sequentially, but up 37.7% year-over-year.

Paradise Segasammi Complex Venture\'s first-quarter revenue rose 62.0% year-on-year to W74.06 billion. For the last three months of 2022, the cost was about W77.98 billion.

Paradise\'s operating profit for the reporting period was KRW 190.2 billion, up 4.3% from the previous quarter. Compared to the operating loss of KRW 255.3 billion in the first quarter of 2022.