{"id":777026357,"date":"2025-05-13T08:36:42","date_gmt":"2025-05-13T11:36:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026357"},"modified":"2026-04-21T23:01:59","modified_gmt":"2026-04-22T02:01:59","slug":"south-koreas-paradise-co-sees-revenue-growth-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/south-koreas-paradise-co-sees-revenue-growth-in-q1","title":{"rendered":"South Korea’s Paradise Co sees revenue growth in Q1"},"content":{"rendered":"\n

Revenue was up 7 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0Paradise Co\u00a0<\/strong>has shared its financial results for the first quarter of the year.\u00a0Revenue reached KRW283.3bn (US$199m), up 7 per cent year-on-year<\/a>. Operating profit increased 18.3 per cent to KRW57.3bn (US$40m).<\/p>\n\n\n\n

Net income was up 20 per cent at KRW31.13bn (US$22.1m). Earnings before interest, taxation, depreciation, and amortisation (EBITDA) was KRW76.05bn (US$53.6m),\u00a0a 11.7 per cent increase.<\/p>\n\n\n\n

Paradise Co operates three gaming venues<\/strong> directly: Walkerhill in Seoul, Paradise Jeju on Jeju island, and a property in the port city of Busan. The company reported an increase in aggregate casino sales of 13 per cent year-on-year to KRW115.55bn (US$81.5m) thanks to a higher hold rate, up 2 percentage points in year-on-year terms.<\/p>\n\n\n\n

Sales from integrated resort operations at Paradise City in Incheon<\/strong> rose 5.2 per cent\u00a0to KRW139.18bn (US$98.1m), including casino, hotel and theme park sales. Casino sales at Paradise City reached KRW110.1bn (US$77.6m), up 7.3 per cent\u00a0year-on-year, and EBITDA was KRW42.45bn (US$30m),\u00a0an increase of 4 per cent. Net profit was up 13.6 per cent to KRW25.5bn (US$18m).<\/p>\n\n\n

\n
\"Paradise
Paradise City.<\/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 also 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. The cost of the development is estimated between KRW500 (US$360m) and KRW550 (US$400m).<\/p>\n\n\n\n

<\/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 GGR rises slightly in March<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Revenue was up 7 per cent in year-on-year terms.<\/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 robust Q1 financial results, with revenue up 7% and operating profit increasing 18.3% year-on-year, driven by strong casino sales and an improved hold rate. The company 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 attracting international VIPs.","focusai_entities":"Paradise Co","focusai_location":"South Korea, Seoul, Jeju, Busan, Incheon","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), payments_fraud_aml (0.75), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Strategy Impact","query":"What specific market conditions or competitive pressures are driving Paradise Co's intensified focus on foreign VIP acquisition, and how will the new Seoul hotel differentiate its high-roller offering from existing regional integrated resorts?"},{"label":"Capital Allocation ROI","query":"Given the substantial capital expenditure for the new Seoul hotel, what are the projected ROI metrics and payback period, and how does this investment align with the \"Value Up\" plan's 2027 operating profit margin target?"}],"footnotes":""},"categories":[16338,163],"tags":[29,24619,1897],"class_list":["post-777026357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-finance","tag-igaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026357","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=777026357"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026357\/revisions"}],"predecessor-version":[{"id":777026399,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026357\/revisions\/777026399"}],"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=777026357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}