Good Morning. Take me down to the Paradise City, where results beat records and the profits are pretty. 2025 proved a solid year for Korean operator Paradise Co, with a particularly strong showing out of its Incheon property in the final quarter boosting the company to record revenue and profit for the year. Meanwhile, analysts are weighing the heavy debt load that Genting is carrying, with hopes that the company can pay its dues when they mature. Looking to Macau, the gambling hub was not exempt from mentions in the Epstein files, with some key figures – including Stanley Ho – showing up in records.
What you need to know
- Paradise Co. reported record-high revenue and operating profit in 2025, with a strong 4Q25 showing from Paradise City.
- CreditSights sees Genting’s heavy maturity wall as manageable, supported by liquidity, bank funding, and continued capital market access.
- Epstein files contain extensive mentions of Macau, including references to Stanley Ho, Sheldon Adelson and Steve Wynn: report.
On the radar
- Aristocrat acquires AI-powered tools group Gaming Analytics.
- Macau collected $1B in gaming taxes in January, up 14.5% YoY.
- Macau police uncover $5M illegal exchange operation at Cotai jewelry store.
- Suspicious sports matches down 1% in 2025 worldwide: Sportradar.
AGB Intelligence
KOREA
Paradise Co. sees record FY25 revenue and profit
A strong showing from Paradise City helped boost Korean operator Paradise Co. to record revenue and profit for 2025. In the final quarter, the group’s main revenue driver in Incheon saw results top even the peak season, with revenue hitting $100 million, a new record. Japanese VIP play continued to be the main contributor across the group’s portfolio, while an increase in mass helped pad out results.
Industry Updates
- Konami’s Solstice 49C recognized as the No. 1 top‑indexing cabinet.
- Continent 8 launches operations in Alberta to power iGaming growth.
- Blask takes home Best AI Solution at SiGMA Eurasia Awards 2026.
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