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Korea’s Paradise Co enjoys best month of the year in May as casino revenues hit US$61 million

Newsdesk by Newsdesk
Wed 4 Jun 2025 at 23:43
Korea recovery continues as Paradise Co sees June revenue soar 25.9%

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Leading Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW83.6 billion (US$61.2 million) in May, up 10.3% year-on-year and 24.2% higher than in April, according to information filed with the Korea Exchange. It was also the company’s best month of 2025 so far, continuing a recent surge by foreigner-only casinos across the country.

The May figure included a 23.9% sequential increase in table games revenue to KRW78.9 billion (US$57.7 million) while machine revenue grew by 30.2% to KRW4.67 billion (US$3.42 million).

While Paradise saw solid growth in May, it also played lucky for the month with table drop of KRW644.2 billion (US$472 million) up by 6.4% year-on-year and 5.7% compared with April.

Casino revenues for the first five months of 2025 combined sit 3.9% higher year-on-year at KRW376.6 billion (US$276 million)

The May 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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Newsdesk

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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