{"id":777012198,"date":"2024-01-03T08:43:06","date_gmt":"2024-01-03T11:43:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012198"},"modified":"2026-04-22T14:21:36","modified_gmt":"2026-04-22T17:21:36","slug":"paradise-co-posts-casino-revenue-of-us567-8m-for-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-posts-casino-revenue-of-us567-8m-for-2023","title":{"rendered":"Paradise Co posts casino revenue of US$567.8m for 2023"},"content":{"rendered":"\n<p>The South Korean casino operator\u2019s revenue was up 112.8 per cent year-on-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-&nbsp;<strong>Paradise Co<\/strong>&nbsp;has shared its financial results for full year 2023. It posted revenue of KRW744,15bn (US$567.8m), up 112.8 per cent compared with full-year 2022.<\/p>\n\n\n\n<p>Table game revenue was KR696.70bn (US$534.1m), up 118.8 per cent in year-on-year terms. Machine game revenue was up 51.9 per cent to KRW47.5bn (US$36.4m). The table drop for full-year 2023 was just over KRW6.17tn, a rise of 114.2 per cent.<\/p>\n\n\n\n<p>For December, Paradise Co reported a 17.9 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-down-6-2-sequentially-in-november\" target=\"_blank\" rel=\"noreferrer noopener\">month-on-month decline<\/a>\u00a0in casino revenue from KRW56.58bn (US$43.3m) to<strong>\u00a0KRW64.60bn (US$49.5m)<\/strong>. When compared year-on-year, revenue was up by 37.9 per cent.<\/p>\n\n\n\n<p>Table gaming revenue was up 19.6 per cent month-on-month, from KRW52.1.bn (US$39.87m) to KRW60.14bn (US$46.1m). The figure was up 37.1 per cent year-on-year.\u00a0Gaming revenue generated from slots was down 0.6 per cent month-on-month but up 49.2 per cent year-on-year at KRW4.45bn (US$3.4m). The table drop was KRW581.5bn (US$445.8m), up 6.6 per cent month-on-month and up 24.3 per cent year-on-year.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-reports-net-profit-of-us27m-for-q3\" rel=\"noreferrer noopener\">Paradise Co reports net profit of US$27m for Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Korean casino operator\u2019s revenue was up 112.8 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":16856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Paradise Co, a South Korean casino operator, reported a significant 112.8% year-on-year revenue increase to KRW744.15bn (US$567.8m) for full-year 2023, primarily driven by a 118.8% rise in table game revenue. While December saw a month-on-month decline in overall casino revenue, year-on-year growth remained robust across key gaming verticals. The table drop for FY2023 also surged by 114.2% year-on-year.","focusai_entities":"Paradise Co","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 Performance Drivers?","query":"What specific market conditions or operational strategies contributed to Paradise Co's significant year-on-year revenue growth in Q4 2023, particularly given the reported month-on-month decline in December's casino revenue?"},{"label":"Gaming Vertical Contribution?","query":"How does the disproportionate growth in table game revenue versus machine game revenue impact Paradise Co's long-term GGR diversification strategy and capital allocation for gaming verticals?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777012198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777012198"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012198\/revisions"}],"predecessor-version":[{"id":777012225,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012198\/revisions\/777012225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}