Paradise Co reported third-quarter 2026 casino revenue of KRW268.2 billion, a company record. September revenue was KRW86.7 billion, up 38.2% year on year but down 16.8% from August; the company attributed the quarterly record to improved hold.
The record quarter contrasts with September’s monthly revenue decline, offering investors mixed signals on performance.
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Paradise Co reported September net casino revenue of KRW86.7bn (US$64.5m) in South Korea. The outlet reported revenue growth of 38.2% and described the quarter ending in September as a record.
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.
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.
It was reported that Paradise Co recorded July casino sales of KRW77.89bn. Sales increased 3.6% year-on-year and 25.8% from the previous month.