Leading Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW70.4 billion (US$48.1 million) in January, down 2.3% year-on-year although 1.0% higher than in December, according to information filed with the Korea Exchange.
The January figure included a 0.4% sequential decline in table games revenue to KRW65.8 billion (US$45.0 million) while machine revenue grew by 24.5% to KRW4.65 billion (US$3.18 million).
Table drop of KRW579.4 billion (US$397 million) was up 7.1% on December and 1.8% compared with the same period in 2024.
The January result follows a strong 2024 for Paradise, when casino revenues climbed by 10.2% to KRW818.8 billion (US$556 million) – cementing its position as the country’s leading foreigner-only casino operator.
Paradise, which recently revealed plans to develop a luxury hotel in Seoul and upgrade its VIP gaming areas to improve its appeal to international guests, 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.
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