Paradise Co.

    South Korean casino operator, which runs four foreigner-only casinos — Walker-hill, Jeju Grand, Incheon Paradise City and Busan Casino. Paradise City is a joint venture with Japan’s Sega Sammy and was the country’s first true IR.

    Related Articles

    Paradise Co. January sales gain 28 percent

    South Korea’s foreigner-only Paradise Co. has reported a 28.3 percent year-on-year sales increase for the month of January, totalling almost KRW72 billion (about US$60.5 million). Among the firm’s four locations, Paradise City in Incheon was the star performer, accounting for about KRW37.8, or roughly half, of the total, and advancing from only KRW27.7 billion in […]

    Paradise Nov. sales rise 31.6 percent

    Paradise Co., which operates foreigner-only casinos in South Korea, reported a 31.6 percent gain in November sales, driven by table games.

    South Korea’s casino operators see varying results in Q3

    South Korea’s only locals-permitted casino, Kangwon Land, reported positive results in 19Q3, driven by an uptick in sales, though its foreigner-only peers saw mixed results.  According to local reports, Kangwon Land’s third-quarter net profit reached KRW 128.6 billion (US$111 million), increasing 37.9 percent. Operating profit for the period was KRW139.2 billion, up 12.3 percent year-on-year. […]

    Paradise Oct. GGR gains 15.4%

    Paradise Co. said gross gambling revenue rose 15.4 percent in October from the same period a year earlier, led by strong growth in gaming machines.
    Korea, Paradise City

    Paradise Q2 loss widens

    Paradise Co., which operates foreigner-only casinos in South Korea, posted a wider Q2 loss although revenue gained.

    Paradise July revenue jumps 19 percent

    Paradise Co, which operates four casinos in South Korea, reported a 19 percent gain in July revenue, driven by table games.
    GKL Seven Luck

    Korea’s foreigner-only casinos post strong gains in 2018

    South Korea’s foreigner-only casinos posted strong revenue growth in 2018, gaining 34 percent over the prior year, according to figures from the country’s National Gambling Control Commission.

    Paradise Co casino revenue up 18.5 pct in May

    Casino revenue for South-Korean operator Paradise Co Ltd rose 18.5 percent year-on-year in May, driven by a continued surge in table game revenue. Said revenue reached KRW 61.4 billion (US$52 million), compared to KRW 51.8 billion in May 2018. In a filing to the Korean Stock Exchange, Paradise said that table games revenue was the […]

    Japan clouds Korea’s IR-hub aspirations

    South Korea wants to turn the area near Incheon International Airport into a version of Manila’s Entertainment City, but its vision is at risk from competition from Japan.