South Korean foreigner-only casino operator Paradise Co. reported strong revenue growth for August, reaching KRW80.45 billion ($62.9 million). This figure reflects an 11.7 percent increase year-on-year and a 7 percent rise compared to July’s revenue.
The growth was primarily driven by robust table game performance, which remained the company’s key revenue source.
Table game revenue rose 12.9 percent year-on-year to KRW76.01 billion ($59.4 million), offsetting a decline in gaming machines. In contrast, gaming machine revenue dropped 5.8 percent from the previous year to KRW4.45 billion ($3.5 million), though it saw a 3.9 percent increase month-on-month.
The financial update was filed with the Korean Stock Exchange on September 2nd.
For the eight-month period ending August 2025, Paradise Co. recorded cumulative casino revenue of KRW610.74 billion ($477 million), a 10.2 percent increase over the same period in 2024.
Table games fueled this year-to-date growth, generating KRW576 billion ($450 million), up 11 percent compared to last year. The gaming machine segment, however, declined 1.1 percent to KRW34.74 billion ($27.1 million) over the same period.
Paradise Co. operates four foreigner-only casinos in South Korea: Walkerhill in Seoul, Paradise Jeju on Jeju Island, a casino in Busan, and Paradise City in Incheon, the latter in partnership with Japan’s Sega Sammy Holdings Inc.
