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.
RelatedPosts
