South Korea’s Paradise Co casino revenue rises in October

Casino sales were KRW73.58bn (US$51.2m).

South Korea.- Paradise Co has shared its financial results for October. The operator has reported casino sales of KRW73.58bn (US$51.2m). That’s a rise of 18.5 per cent year-on-year and 16.6 per cent ahead of September’s figure. 

Table-game sales were KRW68.71bn (US$47.8m), up 19.2 per cent year-on-year, and an 18.3 per cent increase compared to the previous month. Machine game sales were KRW4.87bn (US$3.4m), a 9.4 per cent increase year-on-year, but down 2.9 per cent compared to September. 

For the first ten months of the year, cumulative casino revenue reached KRW746.33bn (US$519m), a 10.2 per cent increase compared to January-October 2024. 

Paradise Co operates four casinos: Walkerhill in Seoul, Jeju Grand on Jeju Island, Busan Casino in the southern port city of Busan, and Paradise City, near the main international airport serving Seoul. It plans to begin construction on a new hotel in Seoul with a target opening date in 2028.

The 18-floor hotel will have approximately 200 suites and five basement levels offering services for foreign VIPs as part of a strategy to attract more international high-rollers. The cost of the development is estimated between KRW500bn (US$360m) and KRW550bn (US$400m).

Earlier this week, Paradise SegaSammy, a subsidiary of Paradise Co, announced that the date for its KRW210bn (US$151m) acquisition of the Grand Hyatt Incheon West Tower from KAL Hotel Network Co has been put back from October 31 to December 19, 2025.

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See also: South Korea’s Paradise Co casino revenue rises year-on-year in September

Casino sales were KRW73.58bn (US$51.2m). South Korea.- Paradise Co has shared its financial results for October. The operator has reported casino sales of KRW73.58bn (US$51.2m). That’s a rise of 18.5…