South Korean Paradise Co. and Grand Korea Leisure (GKL) both reported declines in casino sales for March 2026, with results driven by weaker table game performance across South Korea’s foreigner-only casino sector.
Paradise Co. posted the sharper drop, with total casino sales falling 39.6 percent year-over-year and 44.0 percent month-over-month to KRW49.50 billion ($32.8 million), according to interim figures released earlier this month. The decline was primarily driven by table games, where revenue fell 43.4 percent year-over-year and 47.5 percent compared with February to KRW44.09 billion ($29.2 million).
Slot machine revenue showed relative resilience, rising 33.1 percent year-over-year and 19.6 percent month-over-month to KRW5.42 billion ($3.6 million). The company also reported a table drop of KRW587.74 billion ($389.8 million) for March, up 9.7 percent from the previous month but marginally down 0.2 percent year-over-year.
Despite the March contraction, Paradise Co.’s cumulative casino sales for the first three months of 2026 increased 1.8 percent year-over-year to KRW229.67 billion ($152.3 million). Table game revenue rose 1.0 percent over the period, while slot machine sales grew 14.9 percent.
GKL also reported weaker performance, with March casino sales declining 22.8 percent year-over-year and 16.0 percent month-over-month to KRW31.98 billion ($21.2 million), according to its interim disclosure.
The decline was similarly driven by table games. Table sales dropped 26.0 percent year-over-year and 18.2 percent from February to KRW28.44 billion ($18.9 million). Machine sales, however, rose 17.8 percent year-over-year and 6.5 percent month-over-month to KRW3.54 billion ($2.3 million).
For the first quarter, GKL’s casino sales totaled KRW106.65 billion ($70.7 million), down 1.5 percent from the same period last year. The company operates foreigner-only casinos in South Korea under the Seven Luck brand.
