TLDR
- Paradise Co. posted April casino revenue of KRW87.9 billion ($60.4 million), up 80.6% from March and 30.7% year-on-year
- Table games revenue surged 89.9% month-on-month to KRW82.2 billion ($56.8 million), driving the bulk of gains
- Machine revenue rose 59.7% year-on-year to KRW5.73 billion ($4.0 million)
- Table drop grew only 4.5% year-on-year, suggesting a stronger hold rate rather than higher volume
- Year-to-date revenue through April reached KRW316.8 billion ($219 million), up 8.2% from 2025
Paradise Co. reported a sharp jump in casino revenue for April 2026, with total earnings nearly doubling from the prior month. The South Korean casino operator posted revenue of KRW87.9 billion, equivalent to $60.4 million.
That figure represents an 80.6% increase over March and a 30.7% gain compared to April 2025. The company released the data as part of its regular monthly financial update.
The growth was overwhelmingly driven by table games. That segment brought in KRW82.2 billion, or $56.8 million, during the month.
Table games revenue rose 29.1% year-on-year and jumped 89.9% from March. It accounted for the vast majority of the company’s total casino revenue in April.
Table Drop Tells a Different Story
While revenue surged, the underlying table drop told a more measured story. Table drop for April came in at KRW652.1 billion, or $451 million.
That was up just 4.5% from the same month last year and 7.0% from March. The gap between modest drop growth and the much larger revenue increase suggests a stronger hold rate at the tables.
A higher hold rate means the casino kept a larger share of the money wagered. This can happen when luck favors the house or when the mix of games played shifts toward higher-margin options.
Paradise did not provide a specific explanation for the improved hold. The company reported the numbers without additional commentary on the trend.
Machine gaming also contributed to the month’s results, though on a smaller scale. Machine revenue reached KRW5.73 billion, or $4.0 million.
That was up 59.7% from April 2025 and 5.8% higher than March. The machine segment remains a much smaller part of the business compared to table games.
Year-to-Date Results Show Steady Growth
For the first four months of 2026, Paradise reported total revenue of KRW316.8 billion, which amounts to $219 million. That represents an 8.2% increase over the same period in 2025.
The year-to-date figure shows the company has maintained an upward trend through the early part of the year. April’s strong performance gave a meaningful boost to the cumulative total.
Paradise operates three casinos located in Seoul, Busan, and Jeju. It also holds a controlling 55% stake in Paradise City, an integrated resort in Incheon.
Paradise City is a joint venture with Japan’s Sega Sammy Holdings. Together, these properties make up the company’s full casino portfolio in South Korea.
The company’s casinos cater primarily to foreign visitors, as South Korean nationals are restricted from gambling at most of the country’s casinos. This makes international tourism trends a key factor in the company’s performance.
April’s results stood out because revenue grew at a much faster pace than table drop. That disconnect made the month one of the stronger performances in recent reporting periods.
The data shows Paradise benefited from favorable conditions at the tables during April without needing a large increase in overall wagering volume. Machine revenue provided an additional, smaller lift to the total.
Paradise’s year-to-date revenue through April 2026 reached $219 million, up 8.2% from the same period last year.
