Operator News
South Korea – Paradise Co back on track after COVID with 113 per cent surge in 2023 revenues
By Phil - 3 January 2024
Revenues continued to bounce back at Paradise Co, South Korea’s leading casino operator, with GGR surging by 113 per cent to US$567m in 2023.
The year ended with a 17.9 per cent month-on-month increase in December with revenues up 37.9 per cent year-on-year to US$49.3m with table gaming generated US$45.8m of that total. Slots were up 49.2 per cent in December from a year earlier, but trailed November’s results slightly.
Paradise Co runs four casinos in Korea, including Paradise City in Incheon, along with casinos in Seoul, Busan and Jeju.
The third quarter generated records for the operator in revenue, EBITDA and profit.
