South Korea’s foreigner-only casino operator, Paradise Co. Ltd., recorded another strong month in October, with casino revenue climbing 18.5 percent year-on-year to KRW73.58 billion ($53.2 million), according to the company’s latest filing on November 4th.
The October figure also represents a 16.7 percent month-on-month increase from KRW63.07 billion in September, reflecting continued demand from foreign visitors and a solid recovery in tourism-driven gaming activity. The rebound follows a mixed performance in September 2025, when Paradise Co.’s overall casino sales rose 4.3 percent year-on-year to KRW64.03 billion ($46.6 million) but fell 20.4 percent from August due to a seasonal slowdown after the summer peak.
Table game revenue surged 18.3 percent month-on-month to KRW68.71 billion ($49.8 million) and grew 19.2 percent year-on-year, driven by stronger play at Paradise’s integrated resort properties. In contrast, machine game revenue slipped 2.9 percent month-on-month to KRW4.87 billion ($3.5 million), though it remained 9.4 percent higher compared with a year earlier.
For the first ten months of 2025, Paradise’s cumulative casino revenue totaled KRW746.33 billion ($539 million), up 10.2 percent from KRW677.51 billion ($489 million) in the same period last year. Table games accounted for KRW701.7 billion ($507 million) of the total, while machine games contributed KRW44.62 billion ($32.3 million).
Paradise Co. operates four casinos in South Korea exclusively for foreign visitors — Walkerhill in Seoul, Paradise City in Incheon, Busan Casino, and Jeju Grand. The company’s performance aligns with the country’s ongoing post-pandemic rebound in tourism, particularly from Japan and Southeast Asia.
Starting from September this year, South Korea launched a visa-free policy for Chinese tour groups, which has the potential to further boost the country’s gaming revenues.
