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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