Paradise Co Ltd, an operator in South Korea of foreigner-only gaming venues, said its casino sales in October rose 18.5 percent year-on-year, to KRW73.58 billion (US$51.2 million). Judged sequentially, such sales grew 16.7 percent, the firm stated in a Tuesday filing to the Korea Exchange.
Paradise Co’s table-game sales in October were nearly KRW68.71 billion, up 19.2 percent from the prior-year period and an 18.3-percent increase from September.
Machine-game sales last month rose 9.4 percent year-on-year to KRW4.87 billion. That tally was, however, down 2.9 percent sequentially.
The company’s operations included Paradise City at Incheon, a casino resort jointly run with Japanese entertainment conglomerate Sega Sammy Holdings Inc.
Paradise Co also operates gaming facilities at Walkerhill in Seoul, in the southern port city of Busan, and on the semi-autonomous holiday island of Jeju.
For the first 10 months this year, Paradise Co recorded casino sales of KRW746.33 billion, up 10.2 percent from a year ago.
Rival foreigner-only casino operator Grand Korea Leisure Co Ltd (GKL) reported on Tuesday casino revenue of KRW28.56 billion for October, down 6.5 percent from a year earlier, and a 17.9-percent sequential decline.
GKL’s table-game sales last month were KRW25.15 billion, down 9.5 percent from a year earlier and a 19.8-percent decline month-on-month.
Machine-game sales were flat sequentially at KRW3.41 billion, but 24.8-percent higher than in October 2024.
For the January to October period, overall casino sales at GKL were almost KRW347.28 billion, up 9.2 percent year-on-year.
GKL operates three foreigner-only Seven Luck-branded casinos. Two are in the capital Seoul, and one is in the southeastern port city of Busan. The company is a subsidiary of the Korea Tourism Organization, which is affiliated with South Korea’s Ministry of Culture, Sports and Tourism.
