Paradise Co. reports strong start to 2025 with $47M
South Korea’s foreigner-only casino, Paradise Co., saw a strong start to 2025 with casino revenue growth of 1%.There are almost 20 casinos in South Korea, and all of them...
Paradise Co. reports 11% revenue decline in February
South Korea’s foreigner-only casino, Paradise Co., reported a significant revenue decline to $48.63 million in February 2025.
There are almost 20 casinos in South Korea, and all of them are solely for foreigners. One of those casinos, Paradise Co., announced its casino revenues for February 2025, highlighting a decline of 11%, which equals KRW70.21 billion ($48.63 million).
This number is a decline of 2.13% when compared to Paradise Co.’s strong start to 2025 with $47 million for January. Table games generated KRW65.95 billion ($49.7 million)—an 11.86% decline from last year and a 1.7% decline from February 2024.
Currently, Paradise Co. operates major casinos like Walkerhill, Jeju, Incheon Paradise City, and Busan Casino. Moreover, the company is gearing up for a $400 million flagship hotel, with construction kicking off in early 2025 and an expected opening in 2028 aimed to attract more international guests.
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.
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