Content Writer: Janice Chew • Tuesday, 25/11/2025 - 16:41:42 - PM
South Korea’s foreigner-only casino operator Paradise Co Ltd posted casino revenue of approximately US $51 million for October, building on the recovery momentum seen earlier in 2025.
This reflects a meaningful uptick compared to some earlier months: for example, August revenue was reported at US $62.9 million, a year-on-year rise of 11.7%. The October figure indicates the firm is maintaining solid performance across its domestic foreign-player-only offerings.
Paradise Co’s strong results are underpinned by its mix of properties, including the integrated resort near Incheon airport and other venues in Seoul, Jeju and Busan. The company has previously flagged plans for further growth, targeting annual revenue growth of more than 10%. While the October figure of US $51 million is significant, it must be contextualised within their prior results—such as a November 2024 result of US $51.3 million, indicating that while October’s number is strong, it may represent stabilisation rather than a breakout leap.
Analysts point out the improvement is largely driven by table-game revenues (which remain the core of Paradise’s business), alongside improved hold rates despite some volatility in drop amounts (the total wagered at the tables). This suggests the operator is succeeding in extracting more value per wager, even if wager volumes are not growing dramatically.
In summary, Paradise Co’s October revenue performance reinforces its recovery trajectory and indicates the foreigner-only casino segment in South Korea is benefiting from renewed international visitor interest and favourable operational trends. However, the figure also raises questions about scalability, margin sustainability and competition for VIP play going forward.