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South Korea’s Paradise reports slight decline in February casino revenues to US$49 million

Newsdesk by Newsdesk
Thu 6 Mar 2025 at 04:52
Damage Control – Korea’s COVID calamity

Paradise Walkerhill in Seoul

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Leading Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW70.2 billion (US$48.6 million) in February, down 11.5% year-on-year and 2.1% lower than in January, according to information filed with the Korea Exchange.

The February figure included a 1.7% sequential decline in table games revenue to KRW66.0 billion (US$45.7 million) while machine revenue fell by 8.5% to KRW4.26 billion (US$2.9 million).

Table drop of KRW525.7 billion (US$364 million) was up 9.3% on January and 7.0% compared with the same period in 2024.

The February 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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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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