South Korean casino operator Paradise Co has reported third-quarter 2026 revenue of KRW351.7bn, an increase of 22% year-on-year and 10.6% from the previous quarter, according to its latest financial disclosure.
Operating profit rose 62.3% to KRW64.1bn, representing an 80.4% quarter-on-quarter increase from KRW35.6bn.
Net profit reached KRW39.2bn, up 17.1% year-on-year and 86.2% sequentially, while profit attributable to shareholders increased 20.6% to KRW27.8bn.
Paradise Co business performance (KRW M)
Despite the stronger quarterly performance, year-to-date results presented a mixed picture.
Revenue for the first nine months increased 12.6% to KRW963.7bn, although cumulative operating profit declined 1.9% to KRW137bn.
Nine-month net profit fell 27.6% to KRW78.8bn, while profit attributable to shareholders decreased 20% to KRW60bn.
Separately, Paradise confirmed that it is considering a potential investment in Maison Glad Jeju, a hotel that already houses its Paradise Casino Jeju Grand operation.
The foreigner-only casino occupies the hotel's first floor, while the property offers 513 rooms near Jeju International Airport.
However, Paradise emphasized that no acquisition decision has been reached, with the proposed investment's value, structure and financing arrangements yet to be determined.
The company expects to provide a further regulatory update by December 8 unless concrete details are finalized earlier.
The potential acquisition comes amid continued growth in South Korea's tourism sector, with international visitor arrivals increasing 21.5% to 17.11 million during the first nine months of 2026.
While the operator has reported stronger quarterly earnings, it has not disclosed how a possible hotel acquisition could affect its casino operations or future financial performance.
Paradise's October casino revenue rose 12.8% year-on-year to KRW82.1bn
