Content Writer: Janice Chew • Tuesday, 25/11/2025 - 22:44:07 - PM
Paradise Co Ltd, a South Korea-based operator of foreigner‐only casinos, reported a strong third quarter (ending 30 September 2025) with net profit rising approximately 70% year-on-year to KRW 33.43 billion.
Consolidated revenue grew by 7.5% to KRW 288.25 billion, and operating profit increased 9.1% to KRW 39.51 billion, lifting the operating margin to 13.7%.
The company’s three wholly-controlled casino venues in Seoul, Busan and Jeju saw gaming sales up 18.9% to KRW 100.36 billion, aided by an improved hold rate of 2.7%.
Group-wide EBITDA rose modestly by 4.2% to KRW 58.10 billion.
On the other hand, its joint venture operation at the integrated resort Paradise City (via its unit with Sega Sammy Holdings Inc.) reported a year-on-year EBITDA decline of 16.9% to KRW 31.15 billion, despite sales growing 2.3% to KRW 149.90 billion and gaming sales rising 6.1% to KRW 116.98 billion.
In summary, while Paradise Co’s core casino operations delivered strong momentum and translated into significant profit growth, the Paradise City venture saw profitability pressure — signalling potential headwinds in cost control or market dynamics even where revenue is rising.