{"id":777024796,"date":"2025-04-03T01:57:48","date_gmt":"2025-04-03T04:57:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024796"},"modified":"2026-04-22T00:12:32","modified_gmt":"2026-04-22T03:12:32","slug":"south-koreas-paradise-co-posts-rise-in-casino-sales-in-march","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/south-koreas-paradise-co-posts-rise-in-casino-sales-in-march","title":{"rendered":"South Korea’s Paradise Co posts rise in casino sales in March"},"content":{"rendered":"\n

Casino revenue was KRW80.95bn (US$55.3m).<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0Paradise Co\u00a0<\/strong>has shared its financial results for March. It reported a 15.3 per cent\u00a0month-on-month<\/a> rise in casino revenue from\u00a0KRW70.21bn to KRW80.95bn (US$55.3m). When compared year-on-year, revenue was up by 51.6 per cent.<\/p>\n\n\n\n

Table-game sales<\/strong> were KRW76.88bn (US$52.6m), down 55.7 per cent year-on-year and 16.6 per cent sequentially. Machine game sales <\/strong>were KRW4.07bn (US$2.8m), down 1.3 per cent year-on-year but up 4.5 per cent compared to February results.<\/p>\n\n\n\n

For the first three months of the year, the operator posted casino revenue of KRW222.92bn (US$152.4m), up 8.8 per cent year-on-year. 94.2 per cent of casino sales, KRW209.93bn (US$143.5m), was from table games, up 9.7 per cent from the prior-year period. Machine segment revenue declined 3.2 per cent to KRW12.99bn (US$8.9m).<\/p>\n\n\n

\n
\"Paradise
Paradise City, near the main international airport serving Seoul. <\/figcaption><\/figure>\n<\/div>\n\n\n

For full-year 2024, the operator posted casino revenue of KRW818.7bn (US$558.5m), up 10.2 per cent from\u00a0KRW742.9bn (US$506.7m) in 2023<\/a>. Table game revenue was KRW766.7bn (US$523.2m), up 10.2 per cent in year-on-year terms. Machine game revenue was up 9.7 per cent to KRW52bn (US$35.5m). The table drop for full-year 2024 was KRW6.87tn (US$4.66bn), a rise of 11.3 per cent.<\/p>\n\n\n\n

Paradise Co plans to begin construction on a new hotel in Seoul<\/a> with a target opening date in 2028. The 18-floor hotel will have approximately 200 suites and five basement levels<\/strong> offering services for foreign VIPs as part of a broader strategy to attract more international high-rollers<\/strong>. It will cover 13,950 square metres. The cost of the development is estimated between KRW500 (US$360m) and KRW550 (US$400m).<\/p>\n\n\n\n

Paradise Co aims to increase sales by more than 10%<\/h2>\n\n\n\n

Paradise Co<\/strong> has announced a target to increase its revenue \u201cby more than 10 per cent\u201d annually and raise its operating profit margin to over 20 per cent by 2027 as part of its \u201cValue Up\u201d plan to increase shareholder value.<\/p>\n\n\n\n

The announcement was made during the 54th ordinary shareholders\u2019 meeting at the Paradia Building in Gwangjin-gu, Seoul. Paradise Co also plans to gradually increase its dividend payout ratio based on its business performance and financial health. It will also reduce its treasury stocks as needed and aims to strengthen management through a board-centered approach and improve its environment, society, and governance efforts.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau casino spend per visitor rises in February, analysts say<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Casino revenue was KRW80.95bn (US$55.3m).<\/p>\n","protected":false},"author":176,"featured_media":777014930,"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 15.3% MoM increase in March casino revenue, contributing to an 8.8% YoY rise in Q1 revenue and a 10.2% YoY increase for full-year 2024. The operator also unveiled a \"Value Up\" plan targeting over 10% annual revenue growth and a 20% operating profit margin by 2027, alongside plans for a new luxury hotel in Seoul aimed at international VIPs.","focusai_entities":"Paradise Co","focusai_location":"South Korea, Seoul","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.8), operator_casino (0.9), marketing_crm (0.7), payments_fraud_aml (0.85), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Approvals for Hotel?","query":"What specific regulatory approvals are required for Paradise Co's new Seoul hotel development, particularly concerning its VIP gaming facilities and foreign high-roller engagement?"},{"label":"Profit Margin Benchmarking?","query":"How does Paradise Co's 'Value Up' plan, specifically the 20% operating profit margin target by 2027, compare to industry benchmarks for integrated resorts in the Asia-Pacific region?"}],"footnotes":""},"categories":[28,16338],"tags":[1705],"class_list":["post-777024796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024796","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=777024796"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024796\/revisions"}],"predecessor-version":[{"id":777024844,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024796\/revisions\/777024844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014930"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777024796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}