Paradise Co reported consolidated revenue of KRW 293.97bn for the first quarter of 2026, representing a 3.8% increase from KRW 283.31bn in the same period last year, according to its fair disclosure filing.
Operating income for the quarter totaled KRW 37.31bn, rising 130.6% from KRW 16.18bn in the fourth quarter of 2025, though down 34.9% compared with KRW 57.28bn a year earlier. Net income declined 56.3% year over year to KRW 18.85bn, while net income attributable to shareholders fell 46.8% to KRW 16.57bn.
The company operates four foreigner-only casinos in South Korea: Walkerhill, Jeju, Busan and Paradise City in Incheon. Management noted that the quarterly figures were prepared under K-IFRS standards and remain subject to audit review.
Separately, April results, marking the start of the second quarter, showed a strong rebound in casino activity. Monthly casino revenue reached KRW 87.92bn, up 80.6% from March and 30.7% higher than April 2025. Table revenue totaled KRW 82.19bn, surging 89.9% month over month and 29.1% year over year, while machine revenue rose 5.8% sequentially and 59.7% year over year to KRW 5.73bn.
Table drop across the four properties amounted to KRW 652.10bn in April, up 10.9% from March and 7.0% compared with a year earlier. On a cumulative basis, table drop reached KRW 2,408.13bn through April, a 4.5% increase year over year, highlighting continued momentum heading into the second quarter.
In addition to its operating update, Paradise recently approved a series of governance changes at its 55th annual general meeting in March, introducing a co-CEO structure and strengthening minority shareholder protections. The company amended its articles of incorporation to enhance audit committee independence and align with revisions to South Korea’s Commercial Act. COO Lim Jun-shin was appointed co-representative Director alongside existing CEO Choi Jong-hwan.
Year-to-date casino revenue reached KRW 316.81bn through April, up 8.2% from a year earlier
