South Korea foreigner-only casino operator Paradise Co. posted an 11.6 percent year-on-year increase in casino revenue for November, reaching KRW80.33 billion ($54.8 million).
According to the latest financial results submitted to the Korea Stock Exchange, the company also recorded a 10.6 percent increase from October, underscoring steady month-on-month growth across its foreigner-only gaming properties.
Table games drove the upward trend, generating KRW76.35 billion ($52.2 million), up 13.1 percent year on year and 12.7 percent month on month. Machine gaming, however, brought in KRW3.98 billion ($2.7 million), marking a 10.5 percent decline from last November and an 18.3 percent drop from October.
For the year to date through November, cumulative casino revenue reached KRW825.68 billion ($564.4 million). Table games contributed KRW777.08 billion ($531.7 million), while machine gaming accounted for KRW48.6 billion ($33.3 million).
Paradise Co. operates four foreigner-exclusive casinos in South Korea — Walkerhill in Seoul, Paradise City in Incheon, Busan Casino, and Jeju Grand. The company’s performance reflects South Korea’s broader post-pandemic tourism rebound, driven particularly by visitors from Japan and Southeast Asia.
Since September, South Korea has also introduced a visa-free policy for Chinese tour groups, a move expected to further support gaming revenue growth.
