Paradise Co Revenue Slides in March Despite Demand

South Korean casino operator Paradise Co reported a steep decline in its March performance, as overall gaming income had a significant drop even while player activity remained strong.

Paradise Co Revenue Drops 40% Despite Strong Table Play

The company generated casino revenue of KRW 49.5 billion ($32.8 million) during the month. This marked a sharp fall of 40% compared to the same period last year and a notable decrease from February’s total. Despite the downturn, the firm did not clarify the underlying causes behind the weaker results in its latest monthly update, as reported by Inside Asian Gaming.

Notably, customer spending patterns told a different story. The total amount wagered at gaming tables, referred to as table drop, climbed to KRW 587.7 billion ($389 million). This represented a rise of close to 10% from the previous month, suggesting that visitation or betting volumes remained resilient.

However, the higher level of play did not translate into stronger earnings. Revenue from table games, which accounts for the largest share of casino income, fell. Earnings from this segment declined by more than 40% year-on-year, showing that outcomes at the tables were less favorable for the operator during the period.

Paradise Co Shows Resilience in Q1 Amid Monthly Swings

On the other hand, machine gaming provided a rare bright spot. Income generated from slot machines and similar products increased by over 30% compared to March last year. While this growth helped soften the overall decline, it was not enough to offset the drop in table game performance, which continues to have dominance over the company’s revenue structure.

The mixed results reflect a broader pattern seen across South Korea’s casino sector, which caters only to foreigners. Operators have been experiencing a disconnect between rising betting volumes and declining revenues, highlighting the impact of game outcomes rather than customer demand.

Despite the weak monthly showing, the company’s performance for the first quarter of 2026 remained stable. Total casino revenue for the January–March period edged up by just under 2% year-on-year to around KRW 229.7 billion ($152 million). Both table games and machine segments posted modest gains over the three-month span, while overall table drop also recorded a slight increase.

Paradise Co operates several foreigner-only casinos across major destinations, including Seoul, Busan, and Jeju. It also holds a majority stake in the integrated resort Paradise City, developed in partnership with Sega Sammy Holdings.The latest figures highlight the volatility of monthly casino results, where fluctuations in gaming outcomes in South Korean casinos can have a significant influence on revenue even when customer engagement remains steady.