With gaming revenue up 16.2% year-on-year to about $8.04 million.
The Hong Kong-listed company said gaming activity accounted for 43.2% of its total first-half revenue, up 7.2% from the same six-month period in 2018, and the sharp rise in related VIP sales increased this vertical gross profit by about 56.3% to nearly $2.41 million, according to a report by GGRASIA.
New Silkroad Cultural Entertainment Limited is a subsidiary of MegaLuck Casino in the Jeju KAL Hotel in Korea and distributes and sells wine and Chinese liquor known as “baiju” throughout Asia.
Despite the game’s success, the company says its total deficit in six months rose 20.5% to about $2.24 million and declared it would take a “conservative” approach to Jeju real estate due to “political tensions between Korea [and] neighboring countries” and “change in our casino management.”안전 슬롯사이트
GGRASIA reported in March that the local Macrolink Hill of Fame subsidiary of New Silk Road Culture Entertainment Limited gave local permission to Jeju Island to begin developing the Hill of Fame brand casino resort. The site of Asia’s largest island was conceived in collaboration with Melco Resort and Entertainment Limited, and will be built in three stages with 580 rooms, which will provide additional hotel and entertainment facilities.
“We are excited to receive formal development approval from the Jeju Governor to begin the financing process for the first phase of the Hill of Glory project.”