TLDR
- Paradise Co. posted record casino revenue of $76.9 million in August, up 32.1% from a year earlier.
- Table-game revenue rose 32.7% to $72.9 million, and the hold rate improved to 14.6%.
- VIP visiting days stayed almost flat at 16,950, compared with 16,879 in August 2025.
- Japanese VIP drop rose 3.1%, while Chinese VIP drop fell 12%.
- Year-to-date casino revenue for the first eight months of 2026 climbed 8.1% to $482.8 million.
Paradise Co., a South Korean casino operator that serves only foreign tourists, reported record casino revenue for August. The company earned KRW104.91 billion, or $76.9 million, during the month.
The figure marks a 32.1% increase compared with August last year. It also represents a 35.8% jump from the revised July total of $56.6 million.
August’s result topped the company’s previous monthly record. That mark was set in May, when revenue reached $72 million.
VIP Traffic Stays Steady
Paradise operates four casinos and tracks VIP visiting days rather than unique visitor counts. In August, VIP visiting days totaled 16,950, close to the 16,879 recorded a year earlier.
Japanese VIP visiting days climbed to 9,668 from 9,217. This group remains the company’s largest VIP customer base.
Chinese VIP visiting days dropped to 3,027 from 3,325. Visiting days from other VIP customers also declined, falling to 4,255 from 4,337.
The steady VIP traffic came even as gaming revenue climbed to a new high. The company did not explain what drove the gap between flat visits and higher revenue.
Table Revenue Drives Growth
Table-game revenue rose 32.7% year-on-year to $72.9 million. Table drop, the total amount wagered, increased 3.7% to $498.9 million.
The gap between drop and revenue shows up in the hold rate. Hold reached 14.6% in August, up from 11.4% a year earlier and 10.8% in July.
Machine revenue also grew, rising 23.1% to $4 million. The increase added to the overall casino result for the month.
Customer segments showed different trends during August. Japanese VIP drop rose 3.1% to $219.2 million, while Chinese VIP drop fell 12% to $73.5 million.
Mass-market drop increased 3.9% to $116.9 million. Paradise reported these figures without adding detail on what caused the shifts among each group.
For the first eight months of 2026, casino revenue rose 8.1% year-on-year to $482.8 million. Cumulative table drop for the period increased 8.3% to $3.79 billion.
The year-to-date numbers stayed above the same period in 2025. They followed the pattern set by the record August result.
Paradise’s August performance combined higher table revenue, an improved hold rate, and stronger machine revenue. VIP visiting days remained close to last year’s level throughout the month.
The company’s operating data for August was its latest release. It covered all four casinos and included both VIP and mass-market activity for the month.
