South Korea foreigner-only casino operator Paradise Co. reported mixed performance in September 2025, with overall casino sales increasing 4.3 percent year-on-year to KRW64.03 billion ($46.6 million) but falling 20.4 percent compared with August, reflecting a seasonal slowdown after the summer peak.
According to the company’s filing with the Korea Exchange, table game revenue amounted to KRW59.01 billion ($42.9 million), a 3.4 percent year-on-year increase but a 22.4 percent month-on-month decline. Despite the softer monthly comparison, table games continued to drive the bulk of Paradise’s casino performance, accounting for more than 90 percent of total gaming revenue.
Meanwhile, machine game revenue posted strong performance, rising 16.5 percent year-on-year and 12.8 percent month-on-month to KRW5.01 billion ($3.6 million), marking one of the few segments to record growth on both bases.
For the first nine months of 2025, Paradise Co.’s cumulative casino sales reached KRW673.7 billion ($491 million), an increase of 9.5 percent compared with the same period in 2024. The company said table game revenue totaled KRW633.95 billion ($461 million), up 10.1 percent year-on-year, while machine revenue rose 0.9 percent to KRW39.75 billion ($28.9 million), underscoring steady improvement in its overall business performance.
The company also reported notable changes in its VIP visitor traffic. During the third quarter of 2025, total VIP visitors rose to 44,635, supported mainly by higher inflows from Japanese patrons. This marks a continuation of a recovery trend seen throughout the year, although the number of Chinese VIPs registered a slight decrease from the previous quarter, according to Paradise’s monthly operating data.
Paradise Co. operates four foreigner-only casinos across South Korea — Walkerhill in Seoul and Paradise City in Incheon, Busan, and Jeju.
