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Korea’s Paradise Co sees casino revenues climb by 10% to US$556 million in 2024

Ben Blaschke by Ben Blaschke
Fri 3 Jan 2025 at 05:02
Damage Control – Korea’s COVID calamity

Paradise Walkerhill in Seoul

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Korea’s Paradise Co saw its casino revenues climb by 10.2% to KRW818.8 billion (US$556 million) in 2024, cementing its position as the country’s leading foreigner-only casino operator.

The figures included a 13.8% increase in table games revenue to KRW766.7 billion (US$520 million) and a 9.7% increase in machine revenue to KRW52.0 billion (US$35.3 million), while table drop grew by 11.3% to KRW6.87 trillion (US$4.66 billion).

Paradise Co reported a strong finish to the year in December, with casino revenues up 11.7% over the same month in 2023 to KRW70.7 billion (US$48.0 million), albeit slightly down compared with November.

Table games revenue of KRW67.0 billion (US$45.5 million) in December was up 13.8% year-on-year but down 0.5% sequentially while machine revenue of KRW3.74 billion (US$2.5 million) was down 16.1% year-on-year and 16.0% month-on-month.

December table drop fell 7.0% year-on-year and 6.5% month-on-month to KRW540.9 billion (US$367 million).

Paradise Co operates four casinos across Korea, including integrated resort Paradise City in Incheon plus venues in Seoul, Busan and Jeju.

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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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