South Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW60.3 billion ($44 million) for October, remaining unchanged from the same month in 2023 and experiencing a slight decline of 1.3 percent compared to September.
In October, revenue from table games saw a sequential decrease of 1.6 percent, totaling KRW55.8 billion ($41 million), while revenue from machines increased by 3.4 percent to KRW4.45 billion ($3.2 million).
The table drop for the month was KRW542.4 billion ($395 million), down 3.8 percent from September and 0.7 percent from the same period in 2023.
For the first ten months of 2024, combined casino revenues are up 7.9 percent year-on-year, reaching KRW674.3 billion ($491 million), supported by a 13.9 percent increase in drop to KRW5.75 trillion ($4.2 billion).
The company operates several prominent casinos, including Walkerhill, Jeju, Incheon Paradise City, and Busan Casino. Paradise Co now plans to enhance its appeal to international guests by developing a luxury hotel in Seoul and upgrading its VIP gaming areas.
