Paradise Co Q3 2025 Revenue Soars, Luxury Seoul Hotel Planned
South Korea’s Paradise Co has reported robust casino performance in October 2025, with total sales reaching KRW 73.58 billion (US$51.2 million), up 18.5% compared with the same month last year and a 16.6% rise from September.
Table Games Drive Growth
The recovery has been fueled primarily by table games, which generated KRW 68.71 billion (US$47.8 million), marking a 19.2% increase year-on-year and an 18.3% monthly gain. Slot and machine game revenue totaled KRW 4.87 billion (US$3.4 million), up 9.4% year-on-year, though slightly below September’s level.
Cumulative revenue for the first ten months of 2025 reached KRW 746.33 billion (US$519 million), representing a 10.2% increase over the same period in 2024. Rising visitor numbers, particularly among international VIPs, are supporting this steady recovery across the operator’s integrated resorts.
Luxury Hotel Expansion in Seoul
Paradise Co is also expanding its hospitality footprint with plans for a new 18-floor luxury hotel in Seoul. The project will feature roughly 200 suites and five basement levels designed to cater to international high-rollers. The development, costing an estimated KRW 500–550 billion (US$360–400 million), is expected to open in 2028, reinforcing the operator’s premium offering in the capital.
Integrated Resort Network and Acquisition Plans
The company currently runs four casinos: Walkerhill (Seoul), Jeju Grand (Jeju Island), Busan Casino and Paradise City (near Incheon International Airport). All properties continue to benefit from stronger tourist arrivals and improved connectivity across East Asia.
In addition, Paradise Co’s subsidiary, Paradise SegaSammy, has postponed the KRW 210 billion (US$151 million) acquisition of the Grand Hyatt Incheon West Tower from October 31 to December 19, 2025. The move, in partnership with KAL Hotel Network Co, aims to increase capacity for international guests and enhance the integrated resort ecosystem near Seoul’s main airport.
Outlook for South Korea’s Casino Market
With casino revenue rebounding, strategic investments underway and international visitor traffic recovering, Paradise Co’s performance signals a turning point for South Korea’s gaming sector. Rising demand and expansion initiatives suggest the country could regain its position as one of Asia’s most resilient casino markets in 2026.
