SectorWire
SearchGet the daily briefing
Menu

Paradise Co reports March casino revenue down 40% year on year

Deals & M&A

Paradise Co reported casino revenue of KRW 49.5 billion in March, 40% lower than a year earlier, while table drop rose nearly 10% from February to KRW 587.7 billion. The company did not explain the revenue decline in its monthly update, according to the report. First-quarter revenue increased just under 2% year on year to about KRW 229.7 billion.

The figures show operators how monthly casino revenue can diverge from betting volumes and quarterly results.

End-of-day close Paradise Co (034230), KRW, to 22 May 2026
Story date23 February 202622 May 2026

Latest reported results

Paradise Co KRX: 034230

Quarter ended 30 June 2026

Revenue
KRW 318.09bn

Connections

Request a correction

Keep reading

Deals & M&A

NH Investment forecasts tourism gains for South Korean casinos amid uncertain VIP demand

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.

NH Investment & Securities expects record inbound tourism to support South Korea's foreigner-only casinos, with the benefit likely to be stronger for mass-market gaming than for VIP play, the brokerage said. Analyst Lee Hwa-jeong said South Korea received 12.8 million inbound visitors in the first seven months of 2026, an all-time high for the period, and NH Investment expects the full-year tally to reach 23 million.

Continue reading