Paradise Co reports 20.6% third-quarter net income growth in South Korea
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Paradise Co reported net income attributable to shareholders of KRW27.78 billion for the three months to 30 September 2026, up 20.6% year on year. Sales rose 22.0% to nearly KRW351.66 billion, while net income for the first nine months fell 20.0% to KRW60.04 billion despite sales increasing 12.6% to KRW963.71 billion.
Paradise Co Ltd reported third-quarter net income attributable to shareholders of KRW27.78bn, up 20.6% year on year, according to a Tuesday filing. Third-quarter net income was 76.0% above the previous quarter’s level. Sales for the three months to 30 September 2026 rose 22.0% year on year to nearly KRW351.66bn. Overall sales for the latest reporting period also climbed 10.6% from the preceding quarter.
For the first nine months of 2026, net income fell 20.0% year on year to KRW60.04bn. Sales for the period rose 12.6% to KRW963.71bn. Casino sales for the nine months to 30 September 2026 rose 10.8% year on year to KRW744.59bn, according to data released in early October.
Paradise Co confirmed it was considering an investment connected to the proposed acquisition of the Maison Glad Jeju hotel. The company said in a regulatory filing on Monday that it had not decided on the acquisition or the terms of a potential transaction.
Foreigner-only gaming is offered by Paradise Co at Walkerhill Seoul, Paradise Busan, Jeju Grand on Jeju Island and Paradise City in Incheon. The Incheon property is a venture with a subsidiary of Japan’s Sega Sammy Holdings Inc. In January 2026, the company completed a KRW210.0bn purchase of the West Wing of the Grand Hyatt Incheon hotel, which is next to Paradise City. The acquired property was later renamed Hyatt Regency Incheon Paradise City and raised the room inventory available to Paradise City by 65.1% to 1,270 rooms.