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South Korea’s Paradise Co sees 59% surge in gaming revenue in April m-o-m

South Korean foreigner-only casino operator Paradise Co. reported a 59 percent surge in casino gaming revenue on a month-to-month basis in April, totaling KRW84.14 billion ($61.1 million).

The increase in revenue is mainly attributed to a sharp surge in table games as compared to March.

According to the company’s latest update on the South Korean Stock Exchange, table games revenue grew by 62.2 percent monthly to KRW79.33 billion ($57.7 million), while machine revenue saw a 19.7 percent increase to KRW4.8 billion ($3.5 million) from the previous month.

On a year-on-year basis, the company’s gaming revenue for March experienced an increase of 56 percent.

Table gaming showed a 58 percent increase compared to the same month in 2023, while machine gaming revenue also rose 25.9 percent year-over-year.

Paradise Co. specializes in operating foreigner-only casinos, including Walker-Hill, Jeju, Incheon Paradise City, and Busan Casino.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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