South Korea’s foreigner-only casino operator Paradise Co. has reported a 41 percent year-on-year jump in casino revenue for June. For the month, casino revenue climbed to KRW82.05 billion ($59.5 million), which marked a slight 0.4 percent rise from May 2025.
The latest financial update, disclosed via the Korean Stock Exchange on Wednesday, showed that the surge was primarly attributed to strong momentum in both table games and gaming machines, signalling continued recovery and growing demand in the country’s foreigner-focused gaming market. In June, revenue from table games jumped 41.6 percent year-on-year to KRW72.29 billion. Gaming machine revenue increased by 32.7 percent from a year earlier to KRW4.76 billion ($3.5 million).
1H2025 figures
For the first six months of 2025, Paradise Co. generated KRW456.90 billion in total casino revenue, marking an 8.7 percent increase compared to the first half of 2024. Again, table games were the standout performer, contributing KRW420.89 billion, a 9.2 percent rise year-on-year. In contrast, the gaming machine segment saw modest growth of just 0.3 percent, with revenue for the period totaling KRW26.01 billion.
For the month of April, Paradise Co reported a decline in casino revenue, reflecting signs of stagnation over the past five months. According to figures submitted to the Korea Exchange, April’s casino revenue reached KRW 71.2 billion, marking a 13.1 percent drop compared to March and 12.7 percent down from the same month last year. Whereas the table games revenue stood at KRW 67.6 billion, down 13.2 percent from March. Machine games contributed KRW 3.59 billion, an 11.8 percent monthly decline.
The decrease followed a brief uptick in March when revenue surged to KRW 81.9 billion, a 20.1 percent rise from February. In February, revenue reached $48.6 million, slightly exceeding January’s $48.1 million. December 2024 was also flat at $48.2 million. Despite March’s spike, the overall trend across these five months shows little consistent growth, pointing to a stagnating performance.
Target of 10% annual growth by 2027
In April, the operator outlined a plan to achieve a 10 percent annual sales growth rate and an operating profit rate of more than 20 percent by 2027. As part of its “Corporate Value-Up Plan,” the company aims to enhance shareholder value through increased returns and improved governance. Paradise Co committed to strengthening shareholder returns through dividends and treasury stock. The company also announced plans to refine its governance structure by reinforcing board-centered management, advancing ESG (Environmental, Social, and Governance) initiatives, and improving investor relations activities.
