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Korea: Paradise casino sales rise 12.8% to $61.1m for October

Table drop declined despite higher table sales, pointing to improved table hold at the operator's four foreigner-only properties.

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Key Points
Casino sales increased 12.8% year-over-year to KRW82.12bn for October
Table sales rose 12.7% even as table drop declined 2.2%
January to October casino sales reached KRW826.03bn, up 10.9%

Paradise Co reported preliminary casino sales of KRW82.12bn ($61.1m) for October across its four South Korean properties, an increase of 12.8% year-over-year. The figure covers casino operations rather than the group's consolidated hotel and resort revenue.

Sales were 4.6% below the revised September total of KRW86.05bn. The latest filing lowered that comparator from the KRW86.73bn originally disclosed for September, so the month-over-month change should be read against the revised figure.

Table games generated KRW76.55bn for October, up 12.7% year-over-year, while machine sales increased 14.5% to KRW5.58bn. Tables supplied roughly 93% of the monthly casino total.

Customers exchanged KRW595.90bn for chips at gaming tables, a measure known as table drop. That was down 2.2% from October 2025 and 1.5% from September. With table revenue rising despite lower drop, the figures indicate a higher table hold rate than a year earlier, although the disclosure does not break out customer numbers or spending by market.

For January to October, cumulative casino sales reached KRW826.03bn, up 10.9% year-over-year. Table sales rose 10.4% to KRW773.15bn and machine sales increased 18.5% to KRW52.88bn. Cumulative table drop climbed 7.1% to KRW6.37trn.

The four casinos are Walkerhill in Seoul, properties in Jeju and Busan and Paradise City in Incheon. They serve foreign visitors, making inbound travel a relevant backdrop to the sales figures. 

South Korea's Ministry of Culture, Sports and Tourism reported 2.06 million international arrivals for September, up 21.1% year-over-year, with 17.11 million arrivals in the first nine months.

The monthly release gives casino sales and table drop but no October EBITDA or net income. In its latest full quarterly results, Paradise reported second-quarter consolidated revenue of KRW318.09bn, EBITDA of KRW56.68bn and net income of KRW21.02bn. Those figures include businesses beyond the casino sales disclosed for October. 

Paradise said the monthly numbers are preliminary and may change.

On October 2, a report on Paradise's September casino sales showed a 38.2% year-over-year increase, with table revenue driving most of the month's total. The October release extends the annual growth trend despite a lower monthly total.

Good to know

Paradise attributed part of its second-quarter operating cost increase to the full-scale operation of Hyatt facilities at Paradise City 

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