Leading Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW81.0 billion (US$55.3 million) in March, up 51.6% year-on-year and 15.3% higher than in February, according to information filed with the Korea Exchange.
The March figure included a 16.6% sequential increase in table games revenue to KRW76.9 billion (US$52.5 million) although machine declined by 4.5% to KRW4.07 billion (US$2.78 million).
Paradise seems to have played lucky for the month, with table drop of KRW589.1 billion (US$402 million) down 1.0% year-on-year and up 12.1% compared with February.
The March 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.
