Paradise Co's December financial results have been released, and with them we can take a comprehensive view on how the operator's full 2025 went.
Taking into account all four of the operator's Korean properties - with Paradise City and Walkerhill forming by far the most significant share - full-year revenue was up nearly 10%, with 2024's figure of KRW 820bn ($570m) bested by 2025's KRW 901bn.
In December, Paradise Co actually suffered a not insignificant month-over-month decline of 5%, with revenues in November more than KRW 4bn higher.
Year-over-year it's a different story, and December's figure of KRW 75.4bn was up nearly 8% compared to the same period in 2024.
The operator's Paradise City resort continues to be the most lucrative of its venues, and here the trend of monthly decline and yearly improvement are reflected clearly.
Revenues at the integrated resort in Incheon decreased by around 9% compared to November 2025 despite the KRW 38.6bn number being a 6% improvement on December 2024.
For the company's Walkerhill casino in Seoul, the picture is altogether positive, with the newly released December numbers representing an uptick from both a month-over-month and a year-over-year perspective.
This made it the fastest growing property in Paradise Co's portfolio in December at 16.3%.
While Walkerhill has narrowed the gap between it and the flagship Paradise City property, its full year results are still a way off, with Paradise City bringing in around KRW 480bn in 2025 compared to Walkerhill's KRW 342bn.
Like many of South Korea's other casino resorts, the properties are dependent on tourism due to serving only foreign visitors.
With this in mind, VIP visitation figures stayed quite stable - in fact, the revenues at Paradise City experienced that month-over-month decline despite a marginal increase in VIP visitation days (from 14,388 to 14,439).
So while the bigger picture is largely positive, Paradise Co will be keeping a close eye on the near term to make sure the future is just as bright.
Paradise Co is the main partner of Paradise City in Incheon alongside Sega Sammy Holdings
