Casino operators Grand Korea Leisure (GKL) and Paradise Co have each released their latest respective financial figures for the month of March 2026, with the former experiencing 16% casino sales drop as Paradise experiences a sharp dip.
Both operators are fielding a period of change, with Paradise Co reporting a comprehensive senior executive overhaul last week. Now, these latest results highlight a significant revenue dip both over the course of the past year and also in comparison to results from February 2026.
Paradise: Weathering the storm
After posting a strong full year 2025 revenue just shy of KRW 900m ($602m), Paradise Co went on to report strong opening results for 2026, highlighting revenues of KRW 91.6bn and KRW 88.5bn for January and February, respectively. Now, however, the operator’s March revenues settled at just KRW 49.5bn, a 44.1% decrease compared to results from the month prior. More broadly, this also highlights a year-over-year drop of 39.6%.
Despite these significant and rapid declines, the operator’s poor March results have not affected the advancement of its first quarter, overall – as Q1 2026 revenues still managed to advance on results from the same period of 2025, rising 1.7% to settle at KRW 229.7bn for the period.
Table games continued to lead the way for Paradise Co over the first quarter, making up KRW 214.7bn of the overall revenue figure. Nevertheless, a drop in table game revenue of 43.4% year-over-year and 47.5% month-over-month is likely the key driver of these latest unfavorable monthly results.
Grand Korea Leisure & Paradise Co Q1 results
GKL: Table games drop the ball
Similarly, for GKL a reduction in table game casino sales of 18.2% year-over-year resulted in an overall casino sales drop of 22.8%, settling at KRW 31.9bn for March 2026. Indeed, these results also reflected a drop of 16% in comparison to February 2026, with table sales reducing by 26% in comparison to results from the year prior, and down 18.2% month-over-month.
Machine sales held firm, however, settling at KRW 3.5bn, a figure which represents a rise of 17.8% year-over-year and 6.5% month-over-month. These results come off the back of a positive full year 2025 period in which the operator saw sales increase 6.7% to KRW 422.95bn thanks to inflated participation from major overseas players across its foreigner-only casino resort locations.
South Korean casinos enjoyed inflated engagement figures from Chinese and Japanese tourists in January and February, particularly
