South Korea’s Paradise Co reports 13% revenue fall in April 2025
Paradise Co, South Korea’s leading foreigner-only 바카라 operator, has reported a decline in 바카라 revenue for April 2025, reflecting signs of stagnation over the past five months.
According to figures submitted to the Korea Exchange, reached KRW 71.2 billion (€47.1 million), marking a 13.1 percent drop compared to March and 12.7 percent down from the same month last year. Whereas, the table games revenue stood at KRW 67.6 billion (€44.8 million), down 13.2 percent from March. Machine games contributed KRW 3.59 billion (€2.38 million), an 11.8 percent monthly decline.
Signs of stagnation?
The decrease follows a brief uptick in March when revenue surged to KRW 81.9 billion ( €54.2 million), a 20.1 percent rise from February. In February, revenue reached $48.6 million (€45.1 million), slightly exceeding January’s $48.1 million (€44.6 million).
December 2024 was also flat, at $48.2 million (€44.7 million). Despite March’s spike, the overall trend across these five months shows little consistent growth, pointing to a stagnating performance.
Interestingly, player activity remained robust, with the table drop – the total amount wagered – reaching KRW 609.5 billion (€403 million) in April. This was up 7.6 percent year-on-year and 3.5 percent higher than in March, suggesting steady interest among visitors despite reduced earnings.
Push for revenue via expansion
For the unaware, Paradise Co operates four foreigner-only 바카라s across South Korea: Paradise City in Incheon, developed in partnership with Japan’s Sega Sammy, and additional properties in Seoul, Busan, and Jeju.
In response to industry pressures, the company is pushing ahead with a series of developments to draw in more international guests. These include an all-suite luxury hotel in Seoul, set to open in 2028, and a new VIP gaming space at Walkerhill, Seoul, scheduled for later this year. A new international lounge at Gimpo Airport is also planned for August 2025.
Paradise Co is targeting a 10 percent annual sales growth rate and operating profit margins above 20 percent by 2027 as part of its “Corporate Value-Up Plan,” aimed at enhancing long-term shareholder value.
The company is also looking to capitalise on visa-free access to Jeju Island by appealing to Chinese tourists, a key market for South Korea’s gaming sector.
While April’s performance still signals a short-term dip, Paradise’s broader strategy remains focused on premium offerings and international expansion amid a backdrop of revenue stabilisation.
