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. 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 company’s 1H24 results, which include affiliates not included in consolidated financial statements, the expectation is $410 million in sales with an operating profit of $66 million.
The estimate was released on Wednesday through a filing to the South Korea Stock Exchange.
The business also intends to build a brand-new, all-suite flagship hotel in Seoul in the meantime. The company’s CEO, Choi Jong-hwan, claims that this action is a part of a revised plan to draw more foreign high rollers to its locations.
According to Paradise Co.’s filing, the project intends to develop a high-end hotel on a 13,950◡ site close to Jangchung-dong in the nation’s capital. Construction is anticipated to begin in the fourth quarter of 2024, with an opening date of 2028.
Paradise Co. added to South Korea’s watchlist
Paradise Co., the biggest casino in South Korea that is exclusively open to foreigners, has been added to a list of major corporations that the country's competition...
