Paradise Co. hits $59.91 million revenue in August
South Korea's foreigner-only casino, Paradise Co., saw significant casino revenue growth of 30.2%.South Korea is an East Asian nation on the southern half of the Korean...
Paradise Co. hits $51.3 million revenues in November
South Korea’s foreigner-only casino, Paradise Co., saw significant casino revenue growth of 31.3%.
There are around 20 casinos in South Korea, and all of them are solely for foreigners. One of those casinos, Paradise Co., announced its casino revenues for November, highlighting the rise of revenues by 31.3%, reaching KRW 71.9 billion ($51.3 million).
When talking about the revenues from January 2024 to November 2024, Paradise Co. saw a 10.1% rise, which totals the revenue reach to KRW748.2 billion ($533.8 million). Table gaming revenue grew by 9.9% to KRW699.9 billion ($499.3 million), while machine gaming revenue increased by 12.4% to KRW48.3 billion ($34.5 million).
Currently, Paradise Co. operates major casinos like Walkerhill, Jeju, Incheon Paradise City, and Busan Casino. To attract more international guests, Paradise Co. plans to build a luxury hotel in Seoul and upgrade its VIP gaming areas. Moreover, in 2025, the company plans to create a $400 million flagship hotel and casino.
Earlier this year, Paradise Co. announced its forecasts for 2026, highlighting the potential of reaching $952M in sales.
FAQs
Is gambling legal in South Korea?
Gambling in South Korea is legal but strictly regulated.
What is the legal gambling age in South Korea?
The legal gambling age in South Korea is 19.
How many casinos are there in South Korea?
South Korea has approximately 20 casinos that are exclusively for foreigners.
Paradise Co. targets $952M sales by 2026
Leading casino operator in South Korea, Paradise Co., expects to grow steadily over the next several years, with sales expected to reach $952 million by 2026.Based on the...
