South Korea’s leading foreigner-only casino operator, Paradise Co saw its casino revenues increase by 113% to KRW744.2 billion (US$567 million) in 2023.
The result included a 17.9% month-on-month and 37.9% year-on-year increase in December casino revenues to KRW64.6 billion (US$49.3 million), of which KRW60.1 billion (US$45.8 million) came from table games.
December table drop of KRW581.5 billion (US$443 million) was up 6.6% month-on-month and 24.3% year-on-year.
Paradise Co operates four casinos in Korea, including integrated resort Paradise City in Incheon – a joint venture with Japan’s Sega Sammy – plus casinos in Seoul, Busan and Jeju.
The company recently reported a record quarter in 3Q23, with all-time highs in group-wide revenues, EBITDA and operating profit.
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