South Korea’s Paradise Co sees 59% surge in gaming revenue in April m-o-m

South Korean foreigner-only casino operator Paradise Co. reported a 59 percent surge in casino gaming revenue on a month-to-month basis in April, totaling KRW84.14 billion ($61.1 million).

The increase in revenue is mainly attributed to a sharp surge in table games as compared to March.
According to the company’s latest update on the South Korean Stock Exchange, table games revenue grew by 62.2 percent monthly to KRW79.33 billion ($57.7 million), while machine revenue saw a 19.7 percent increase to KRW4.8 billion ($3.5 million) from the previous month.
On a year-on-year basis, the company’s gaming revenue for March experienced an increase of 56 percent.
Table gaming showed a 58 percent increase compared to the same month in 2023, while machine gaming revenue also rose 25.9 percent year-over-year.
Paradise Co. specializes in operating foreigner-only casinos, including Walker-Hill, Jeju, Incheon Paradise City, and Busan Casino.

Bricks & Mortar Sales Table games Foreigner-only casinos South Korea Financial results

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