Paradise Co has appointed Lim Jun-shin as co-CEO alongside existing chief executive Choi Jong-hwan, with the arrangement taking effect on 27 March. The company said Lim will bring casino operations experience to the role; he has worked at the group since 1992.
The appointment gives Paradise Co a dual-CEO structure for its casino operations.
The day’s most important stories, free. One email a day.
Reportedly, NH Investment & Securities expects rising tourism to support South Korea’s foreigner-only casinos, particularly mass-market play. The brokerage forecasts 23 million inbound visitors in 2026 but cautions that VIP gaming may benefit less. It recommends watching September and October figures to assess demand.
Paradise reported August casino revenue of KRW104.91bn in South Korea, up 32.1% year on year. Table hold reached 14.6%, compared with 11.4% a year earlier. VIP visiting days across its four casinos remained broadly stable.
Paradise Entertainment recorded a HKD82.6m loss for the first half of 2026, against a HKD177.8m profit a year earlier. The casino equipment maker declared no interim dividend.
South Korea’s Ministry of Culture, Sports and Tourism has proposed increasing the maximum tourism development fund levy for foreigner-only casinos from 10% to 15% of revenue. At a Seoul roundtable, INSPIRE executive Kang Dae-suk warned the change could put refinancing of more than KRW1 trillion next year at risk; Paradise Co executive Lee Jong-myoung warned it could reduce investment. The ministry has also proposed five-year licence renewals and prior approval for significant ownership transfers or acquisitions.
Paradise City and DSM Corporation signed a cooperation agreement to market their offerings together ahead of the planned 2027 opening of 9.81 Theme Park Incheon Airport. The companies plan joint campaigns, sales activity and bundled products, as well as programmes for groups, education and visitor experiences. They also intend to work on transport access for visitors to both sites.