{"id":777026092,"date":"2025-05-06T09:43:38","date_gmt":"2025-05-06T12:43:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026092"},"modified":"2026-04-21T23:17:39","modified_gmt":"2026-04-22T02:17:39","slug":"south-koreas-paradise-co-casino-revenue-down-in-april","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/south-koreas-paradise-co-casino-revenue-down-in-april","title":{"rendered":"South Korea’s Paradise Co casino revenue down in April"},"content":{"rendered":"\n

Casino sales were KRW71.1bn (US$50.7m) in April.<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0Paradise Co\u00a0<\/strong>has shared its financial results for April. It’s reported a 13.1 per cent\u00a0month-on-month<\/a>\u00a0decline in casino sales from\u00a0KRW80.95bn to KRW71.1bn (US$50.7m). When compared year-on-year, sales were down by 12.7 per cent.<\/p>\n\n\n\n

Table-game sales<\/strong> were KRW67.6bn (US$48.2m), down 11.9 per cent year-on-year and 13.2 per cent sequentially. Machine game sales <\/strong>were KRW3.5bn (US$2.56m), down 25.4 per cent year-on-year and down 11.8 per cent compared to March results.<\/p>\n\n\n\n

The table drop was KRW609.4bn (US$434m)<\/strong>, up 7.6 per cent from last year and up 3.5 per cent from March.<\/p>\n\n\n\n

Paradise Co operates four casino venues: 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. For the first four months of the year, casino sales were KRW295bn, up 3 per cent year-on-year.\u00a0The drop was KRW2.3tn, up 0.3 per cent. <\/p>\n\n\n

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

In April, the casino operator announced a target to increase its revenue by more than 10 per cent annually and its operating profit margin to over 20 per cent by 2027 as part of its \u201cValue Up\u201d plan to increase shareholder value. Paradise Co plans to gradually increase its dividend payout ratio based.<\/p>\n\n\n\n

Paradise Co\u00a0also plans to begin construction on\u00a0a new hotel in Seoul<\/a> with a target opening date in 2028. The 18-floor hotel will have approximately\u00a0200 suites and five basement levels<\/strong>\u00a0offering services for foreign VIPs as part of a broader strategy to\u00a0attract more international high-rollers. The cost of the development is estimated between KRW500 (US$360m) and KRW550 (US$400m).<\/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>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Casino sales were KRW71.1bn (US$50.7m) in April.<\/p>\n","protected":false},"author":176,"featured_media":777014793,"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 13.1% month-on-month decline in April casino sales to KRW71.1bn, though year-to-date sales were up 3%. The company announced a 'Value Up' plan targeting over 10% annual revenue growth and 20% operating profit margin by 2027, alongside plans for a new KRW500-550bn hotel in Seoul by 2028 to attract foreign VIPs.","focusai_entities":"Paradise Co","focusai_location":"South Korea, Seoul, Jeju Island, Busan","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), payments_fraud_aml (0.75), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of VIP Strategy?","query":"What specific market share shifts or competitive responses are anticipated from Paradise Co's intensified focus on foreign VIPs, particularly with the new Seoul hotel development, and how might this affect GGR segmentation?"},{"label":"Capital Allocation & ROI?","query":"Given the KRW500-550bn investment in the new Seoul hotel, what are the projected ROI timelines and key performance indicators (KPIs) for this capital expenditure, and how does it align with the 'Value Up' plan's operating profit margin targets?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777026092","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\/777026092","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=777026092"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026092\/revisions"}],"predecessor-version":[{"id":777026096,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026092\/revisions\/777026096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014793"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777026092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}