South Korean integrated resort operator Paradise Co. saw a 24.3 percent yearly increase in casino sales for February, reaching nearly KRW89.51 billion ($61.23 million).
According to financial results released on Wednesday, the figure was a slight 2.4 percent reduction from a strong January.
Table games continued to lead sales, totaling KRW84.98 billion ($58.13 million), up by 25.5 percent yearly but also down monthly, by 2 percent.
Machine game revenue rose by 6.2 percent yearly but fell 9 percent from January, to KRW4.53 billion ($3.1 million).
The group saw casino drop rise by 1.9 percent yearly to nearly KRW535.59 billion ($366.38 million), however the figure was a 15.3 percent fall from January.
Paradise City, in which the group holds a 55 percent stake alongside Sega Sammy, generated the most in terms of casino sales, totaling KRW40.03 billion ($27.38 million), up by 4.97 percent yearly but down 22.67 percent compared to January.
The group’s Busan casino property saw a surprising increase in sales of 266.83 percent year-on-year to KRW16.69 billion ($11.42 million), up by 97.64 percent monthly.
The monthly results were boosted by South Korea benefiting from increased Chinese tourism in February, given the disputes between China and Japan and Chinese New Year falling fully within February this year.
Paradise Co. had previously reported a 9.9 yearly increase in casino sales for FY25, to KRW900.5 billion ($623.6 million). Table games remained the group’s primary revenue source, generating KRW846.3 billion ($585.7 million) for the year, while slot machine revenue totaled KRW54.2 billion ($37.5 million).
Paradise Co. operates four foreigner-only casinos in South Korea: Walkerhill in Seoul, Paradise City in Incheon, Busan Casino, and Jeju Grand.
