{"id":777041805,"date":"2026-05-06T09:33:56","date_gmt":"2026-05-06T12:33:56","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777041805"},"modified":"2026-05-06T09:34:46","modified_gmt":"2026-05-06T12:34:46","slug":"paradise-co-q1-profit-drops-amid-higher-costs-from-hotel-acquisition","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-q1-profit-drops-amid-higher-costs-from-hotel-acquisition","title":{"rendered":"Paradise Co Q1 profit drops after hotel acquisition"},"content":{"rendered":"\n

Revenue was up slightly in the first quarter.<\/p>\n\n\n\n\n\n\n\n

South Korea.- Paradise Co Ltd has reported a 34.9 per cent year-on-year drop in first-quarter operating profit due to KRW37.31bn (US$25.7m). The decline was mainly due its acquisition of the Hyatt Regency Incheon Paradise City hotel<\/a> near its Paradise City resort.<\/p>\n\n\n\n

Q1 revenue rose 3.8 per cent to KRW293.97bn (US$202.6m), supported by KRW6.1bn (US$4.2m) from the newly consolidated hotel. Casino operations accounted for 78 per cent of the total at KRW228.86bn (US$157.8m).<\/p>\n\n\n\n

Casino sales at Paradise City increased 2.4 per cent to KRW112.73bn (US$77.7m), while the group\u2019s other casinos in Seoul, Jeju and Busan saw a 0.5 per cent rise to KRW116.13bn (US$80.1m).<\/p>\n\n\n\n

Operating expenses climbed 13.6 per cent year-on-year. EBITDA fell 24.4 per cent to KRW57.53bn (US$39.7m), and net profit dropped 56.3 per cent to KRW18.85bn (US$13m).<\/p>\n\n\n\n

More recently, April casino sales reached KRW87.92bn (US$60.6m), up 80.6 per cent from March<\/a> and 30.7 per cent year-on-year. For the first four months of 2026, casino revenue stood at KRW316.81 billion (US$218.4m), up 8.2 per cent.<\/strong><\/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 Labor Day Golden Week saw over 870,000 visitor arrivals<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Revenue was up slightly in the first quarter.<\/p>\n","protected":false},"author":680,"featured_media":15430,"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 Ltd reported a 34.9% year-on-year decline in Q1 operating profit, primarily due to increased operating expenses from the acquisition of the Hyatt Regency Incheon Paradise City hotel. Despite this, Q1 revenue rose 3.8%, with casino operations contributing 78% of the total GGR. Recent April casino sales indicate a strong recovery trend, showing significant year-on-year growth.","focusai_entities":"Paradise Co Ltd, Hyatt Regency Incheon Paradise City","focusai_location":"South Korea, Incheon, Seoul, Jeju, Busan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Acquisition Impact on Margins","query":"What is the projected timeline for Paradise Co Ltd to fully integrate the Hyatt Regency Incheon acquisition and mitigate its impact on operating profit margins and EBITDA?"},{"label":"Gaming Vertical Performance","query":"How do the Q1 and April casino GGR trends for Paradise Co Ltd's various properties (Paradise City vs. Seoul, Jeju, Busan) reflect differing market segment performance or operational efficiencies?"}],"footnotes":""},"categories":[157,16338],"tags":[1705,152],"class_list":["post-777041805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-paradise-co","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041805","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777041805"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041805\/revisions"}],"predecessor-version":[{"id":777041830,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041805\/revisions\/777041830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15430"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777041805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777041805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777041805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}