South Korean foreigner-only casino operator Paradise Co has reported significant growth in its casino revenue for the month of August.
The latest figures show a robust increase in revenue across both table games and machine games, indicating a strong performance in the company’s core business areas.
In August 2024, casino sales climbed 30.2 percent from the previous month and 4.1 percent year-on-year, reaching KRW80.18 billion ($59.91 million).
This positive performance was driven by gains across all segments, particularly in the gaming table category, which saw a 32.1 percent month-on-month increase to KRW75.5 billion ($56.41 million). Revenue from gaming machines also rose by 5.7 percent, totaling KRW4.72 billion ($3.52 million).
The table drop, representing the total amount of cash exchanged for chips, hit KRW667.5 billion ($498.78 million), reflecting a 23.1 percent increase over July and a 16.9 percent rise compared to the same period last year.
Looking at the year-to-date performance, Paradise Co’s casino revenues for the first eight months of 2024 have grown by 14.3 percent, totaling KRW561.1 billion ($419.28 million). This growth is supported by a 17.8 percent increase in the table drop, which now stands at KRW4.64 trillion ($3.46 billion).
The company operates several prominent casinos, including Walkerhill, Jeju, Incheon Paradise City, and Busan Casino.
