South Korean foreigner-only casino operator Paradise Co. has reported a drop in casino revenues for February compared to the previous month, and compared to the same period of last year.
According to its most recent consolidated financial statements, the casino generated KRW70.21 billion ($48.63 million) in revenue for February, reflecting a drop of 11.5 percent from January’s revenue of KRW69.74 billion ($47.7 million).
However, this figure represents a 2.13 percent decrease compared to January 2025, when revenues were KRW71.75 billion ($49.7 million).
Analyzing the revenue breakdown, table games contributed KRW65.95 billion ($49.7 million), down 11.86 percent from the same period last year as well as dropping 1.7 percent year-on-year.
Currently, the company is developing a $400 million flagship hotel project, set to begin construction in the first quarter of 2025, with an opening scheduled for 2028. This move is part of a revamped strategy aimed at attracting more international high-rollers to its properties.
