Paradise Co. Revenue Declines in March Despite Strong Table Play

(AsiaGameHub) –   South Korean casino operator Paradise Co announced a sharp downturn in its March results, with total gaming revenue falling significantly despite sustained high levels of player activity.

Paradise Co Revenue Drops 40% Despite Strong Table Play

The firm posted casino revenue of KRW 49.5 billion ($32.8 million) for the month. This figure represents a steep 40% decline year-on-year and a clear drop from the February total. In its recent monthly disclosure, the company did not explain the reasons for the softer performance, according to Inside Asian Gaming.

Notably, customer betting behavior presented a contrasting picture. The total table drop, or amount wagered at tables, increased to KRW 587.7 billion ($389 million). This indicates a nearly 10% growth from the month before, implying that player traffic or betting activity held firm.

Nevertheless, the increased wagering failed to boost profits. Revenue from table games, the primary income source, dropped. This segment’s earnings fell over 40% compared to the previous year, demonstrating that table game results were less advantageous for the house in March.

Paradise Co Shows Resilience in Q1 Amid Monthly Swings

Machine gaming, conversely, offered a positive note. Revenue from slot machines and comparable electronic games rose more than 30% against March of the prior year. Although this uptick mitigated the broader slump, it was insufficient to counterbalance the weaker table game results, which still dominate the company’s earnings mix.

These uneven figures mirror a wider trend in South Korea’s foreigner-only casino industry. Operators are seeing a gap between higher betting volumes and lower revenues, underscoring how game luck affects results more than customer interest.

Even with the poor monthly performance, the company’s first quarter of 2026 held steady. Total casino revenue for January–March crept up by almost 2% year-on-year to approximately KRW 229.7 billion ($152 million). Both table games and machine segments saw slight gains across the quarter, and the overall table drop also saw a marginal rise.

Paradise Co runs multiple foreigner-only casinos in key locations such as Seoul, Busan, and Jeju. It also owns a controlling interest in the Paradise City integrated resort, a joint venture with Sega Sammy Holdings. The recent data underscores the volatility in monthly casino earnings, where shifts in game luck can substantially impact revenue even with consistent customer participation.