South Korea’s foreigner-only casino operator Paradise Co. reported a sharp rise in monthly casino sales for May 2025, buoyed by robust demand at its table games.
Paradise Co. operates casino resorts, including Paradise City in Incheon and casinos in Seoul, Busan, and Jeju, all of which cater exclusively to foreign nationals under South Korea’s current gaming laws.
The company posted casino revenue of KRW83.54 billion ($60.3 million) for the month, marking a 24.2 percent increase from April’s KRW67.24 billion ($48.5 million). On a year-on-year basis, sales rose 10.3 percent from KRW75.72 billion ($54.7 million) recorded in May 2024.
Table game revenue — traditionally the core of Paradise’s business — surged 23.9 percent month-on-month to KRW78.86 billion ($56.9 million) and rose 10.1 percent year-on-year.
Revenue from gaming machines climbed even more sharply, rising 30.2 percent month-on-month and 13.7 percent year-on-year to reach KRW4.67 billion ($3.4 million).
Cumulative sales show steady growth
Cumulative casino revenue for the first five months of 2025 reached KRW376.63 billion ($272 million), up 3.9 percent from KRW362.32 billion ($261.5 million) in the same period of 2024.
Table games accounted for the majority of that total, generating KRW355.38 billion ($256.6 million), up 4.5 percent year-on-year. Machine revenue, however, slipped 4.9 percent year-on-year to KRW21.25 billion ($15.3 million).
A key indicator of customer engagement, table drop — the amount exchanged by customers for chips at tables — amounted to KRW644.23 billion ($465 million) in May, up 5.7 percent from April and 6.4 percent higher than the KRW605.60 billion ($437 million) registered in May 2024.
Cumulative table drop for the year to date totaled KRW2.95 trillion ($2.13 billion), representing a 1.6 percent increase over the same period last year.
Paradise did not disclose its full sales, operating income, or net profit figures for the month.
