Machine game sales <\/strong>were KRW4.3bn (US$3.25m), down 8.9 per cent month-on-month and 2 per cent year-on-year. The table drop was KRW563.6bn (US$425m), down 15.66 per cent when compared to the previous month and 0.7 per cent in year-on-year terms.<\/p>\n\n\n\nParadise Co operates four venues in its casino division: Walkerhill in Seoul, Jeju Grand on Jeju Island, Busan Casino in the southern port city of Busan, and Paradise City, near the primary international airport serving Seoul. For the first nine months of 2024, Paradise Co\u2019s aggregate casino revenue reached KRW614.5bn (US$464m), up 8.8 per cent year-on-year. For January to September, the table drop was KRW5.21tn (US$3.93bn), up 15.5 per cent from last year.<\/p>\n\n\n\n
Paradise Casino Walkerhill expansion: new high-roller area opens<\/h2>\n\n\n\n
A new space for high-rollers opened at the\u00a0Paradise Casino Walkerhill<\/strong>\u00a0in Seoul on September 14. The new venue is\u00a0reserved for the top 1 per cent of patrons<\/strong>. The company describes it as having an elegant Art Deco design with seven private rooms, a lounge and a bar, offering \u201cpersonalised high-end services and an elevated gaming experience.\u201d<\/p>\n\n\n\nThe casino\u2019s first expansion in nine years increases its size by 17 per cent, from 3,934.60 to 4,587.26 square metres. There are now 112 table games and 213 machine games. The casino operator said it expects sales in the new VIP venue to reach KRW22bn (US$16.6m) in 2025 and KRW32bn (US$24.18m) in 2026. The company plans to open a new international lounge at Gimpo Airport this month.<\/p>\n\n\n\n
Choi Jong-hwan<\/strong>, Paradise Co\u2019s chief executive, said: \u201cThis expansion will bring us a critical opportunity to secure both physical infrastructure and high-roller customers, enabling us to gain significant competitive advantage as a leading casino operator.<\/p>\n\n\n\n\u201cParadise Group will continue to enhance VIP-exclusive facilities and service competitiveness across all locations, and we are committed to transforming into a smart casino by adopting new digital technologies, solidifying our position as a first mover in the market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino revenue was down 16.5 per cent in year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":25402,"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 reported a 16.5% year-on-year decrease in September casino revenue, though year-to-date aggregate revenue for the first nine months of 2024 increased by 8.8%. Concurrently, the operator expanded its Paradise Casino Walkerhill in Seoul with a new high-roller area, increasing its footprint by 17% and projecting significant VIP sales growth for 2025-2026. CEO Choi Jong-hwan emphasized securing high-roller customers, enhancing VIP facilities, and digital transformation to solidify market leadership.","focusai_entities":"Paradise Co, Paradise Group, Choi Jong-hwan","focusai_location":"South Korea, Seoul, Jeju Island, Busan, Gimpo Airport","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), product_ux (0.7), tech_data (0.8), marketing_crm (0.9), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"VIP Segment Impact","query":"What is the projected impact of the new high-roller area at Paradise Casino Walkerhill on Paradise Co's overall GGR and NGR, specifically considering the broader market's year-on-year revenue decline?"},{"label":"Digital Transformation Strategy","query":"How does Paradise Co's commitment to becoming a 'smart casino' by adopting new digital technologies align with its current capital expenditure plans and what specific technological verticals are being prioritized for this transformation?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777019594","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\/777019594","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=777019594"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019594\/revisions"}],"predecessor-version":[{"id":777019595,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019594\/revisions\/777019595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}