South Korean casino operator Paradise Co continued its strong momentum in May 2026, reporting significant growth in gaming revenue across its properties. The company benefited from higher spending by casino patrons, with both table games and machine gaming delivering solid year-on-year gains. Total casino revenue reached nearly KRW99 billion (US$65.1 million), supported by a substantial rise in table drop volumes. The latest performance follows an impressive April and highlights sustained demand across Paradise’s casino portfolio, including its flagship integrated resort, Paradise City, positioning the company for a robust first half of the year.
South Korea's leading foreigner-only casino operator, Paradise Co, maintained its upward trajectory in May, posting another month of robust gaming performance as visitor spending and wagering activity remained elevated across its properties.
The company reported casino revenue of KRW98.9 billion (US$65.1 million) for May, representing a 21.2% increase compared with the same period last year and a 13.1% improvement over April's performance. The result builds on the strong momentum established in April, when casino revenue experienced a sharp month-on-month acceleration.
Table Games Continue to Drive Growth
Table gaming remained the primary contributor to revenue expansion. Revenue generated from table games climbed 21.4% year-on-year to KRW81.7 billion (US$53.8 million), underscoring sustained demand from premium and mass-market players.
Meanwhile, machine gaming also delivered healthy growth, with revenue rising 18.2% from a year earlier to KRW5.52 billion (US$3.6 million). The balanced growth across gaming segments suggests broad-based strength in customer activity rather than reliance on a single revenue stream.
Strong Increase in Wagering Activity
A key indicator of casino demand, table drop—the total amount of cash exchanged for chips at gaming tables—reached KRW765.3 billion (US$504 million) during May.
This figure marked an 18.7% increase compared with May 2025 and was 17.4% higher than April, highlighting accelerating customer engagement and higher wagering volumes across the company's gaming venues.
The rise in table drop is particularly significant because it reflects underlying player activity and serves as an important leading indicator for future gaming revenue trends.
Solid Performance Through the First Five Months
The strong May results have further strengthened Paradise Co's year-to-date performance.
For the January–May 2026 period, the company generated KRW415.2 billion (US$274 million) in cumulative casino revenue, representing a 10.9% increase from the corresponding period last year.
Over the same timeframe, table drop expanded 7.6% to KRW3.17 trillion (US$2.09 billion), demonstrating consistent growth in gaming volumes across the business.
Strategic Presence Across South Korea
Paradise Co operates a diversified portfolio of casino assets, including properties in Seoul, Busan, and Jeju. The company is also the controlling shareholder of Paradise City, South Korea's premier integrated resort located in Incheon near Seoul's international gateway.
Paradise holds a 55% ownership stake in Paradise City through a joint venture with Japanese entertainment and gaming group Sega Sammy Holdings. The resort remains one of the country's most prominent gaming and hospitality destinations, combining casino operations with luxury accommodation, retail, dining, and entertainment offerings.
Outlook
The continued rise in both revenue and wagering volumes suggests that Paradise Co is benefiting from resilient regional travel demand and sustained interest from international casino patrons. With gaming volumes strengthening and year-to-date revenue growth remaining firmly positive, the company appears well-positioned to maintain momentum as South Korea's tourism and entertainment sectors continue their recovery and expansion throughout 2026.
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