Paradise SegaSammy, the joint venture operating Paradise City integrated resort near Incheon International Airport, reported total sales of KRW139.1 billion ($103.4 million) for the second quarter of fiscal year 2025, marking a 5.1 percent increase from KRW132.3 billion ($98.3 million) recorded in the same period last year.
According to data released by Sega Sammy Holdings on Friday, the revenue growth was primarily driven by strong casino performance, with casino sales reaching KRW110 billion ($81.7 million), up from KRW102.5 billion ($76.2 million) in the second quarter of 2024. The foreigner-only integrated resort saw visitor numbers increase significantly, welcoming 98,000 casino patrons during the quarter compared to 85,000 visitors in the previous year’s period.
“Gaming machine sales for casinos and Paradise SegaSammy performed strongly,” the company stated in its financial report. “Continued strong performance in casino sales centered on Japanese customers” contributed to the positive results.
The joint venture between Sega Sammy Holdings and South Korean operator Paradise Co has maintained its focus on Japanese VIP customers, which has proven successful in driving revenue growth. Casino operations benefited from sustained high drop amounts, representing the total value of chips purchased by customers at gaming tables.
However, the hotel business segment remained flat with sales of KRW23.6 billion ($17.5 million) in the second quarter of 2025, showing minimal change from the previous year. This performance indicates that while gaming operations continue to expand, the hospitality sector has yet to match this momentum.
The gaming machine business demonstrated robust growth, with sales increasing from JPY600 million ($4.2 million) to JPY1.3 billion ($9.1 million). During the quarter, the company sold 262 gaming machine units to North American and Asian markets, with projections to sell 1,217 units throughout the current fiscal year.
Sales were particularly strong for the Railroad Riches series, which is compatible with the Genesis Atmos video slot machine cabinet and has received favorable market evaluation in the United States. The company has focused its expansion efforts on this product line as it seeks to strengthen its presence in the North American gaming equipment market.
For group-wide performance, parent company Sega Sammy Holdings Group reported net sales of JPY81.03 billion ($567.8 million) for the second quarter of 2025, alongside an operating loss of JPY519 million ($3.6 million) and adjusted EBITDA of JPY1,461 million ($10.2 million).
