South Korean foreigner-only casino operator Paradise Co. reported a strong surge in casino revenue for July, with earnings reaching KRW75.67 billion ($56.2 million)—a 23 percent increase year-on-year, though down 6.3 percent from June’s figures.
The revenue boost was primarily attributed to strong table game performance, which continued to dominate the company’s earnings structure. Table game revenue climbed 25.1 percent year-on-year to KRW71.39 billion ($53.1 million), effectively offsetting declining returns from gaming machines.
In contrast, gaming machine revenue fell 6.1 percent year-on-year to KRW4.28 billion ($3.2 million). The segment also recorded a month-on-month decline of 10.1 percent compared to June.
The financial update, released on the Korean Stock Exchange on Monday, highlighted a stark performance gap between Paradise Co.’s two main gaming segments. Table games accounted for about 94 percent of total casino revenue in July.
For the seven-month period ending in July 2025, Paradise Co. achieved cumulative casino revenue of KRW531.32 billion ($394.7 million), marking a 10.2 percent increase compared to the same period in 2024. This year-to-date growth was largely driven by table games, which generated KRW501.03 billion ($372.2 million)—up 10.9 percent year-on-year.
The machine gaming segment showed more modest performance over the same period, declining slightly by 0.3 percent to KRW30.29 billion ($22.5 million).
Paradise Co. operates a strategic portfolio of casino properties across South Korea, catering exclusively to foreign visitors. The company runs three wholly owned venues: Walkerhill in Seoul, Paradise Jeju on Jeju Island, and a facility in Busan. Additionally, it operates Paradise City in Incheon through a joint venture with Japan’s Sega Sammy Holdings Inc., a cornerstone asset in its integrated resort portfolio.
It is also worth noting that South Korea’s casino and hospitality sector has recently been gaining positive momentum, driven by expectations of increased Chinese tourist arrivals following the government’s visa-free entry policy for Chinese group tourists, scheduled to launch in the third quarter of the year.
