Paradise Co Caps Record Third Quarter After Posting US$64.5 Million Casino Revenue in September

Paradise Co generated net casino revenue of US$64.5 million in September. The result completed a record third quarter for the Korea-focused operator even as monthly figures eased from August peaks.

September revenue rose 38.2% year-on-year but fell 16.8% from the prior month’s all-time high of US$77.6 million. The drop amount increased 6.6% from the same month last year yet declined 11.1% sequentially to US$450 million. Table revenue followed the drop lower, decreasing 17.9% from August to US$60.4 million.

September Performance Drivers

Machine revenue provided an offset. It advanced 12.6% year-on-year and 3.2% month-on-month to US$4.20 million. Across the first nine months of 2026, casino revenue at the company’s four properties climbed 10.8% to US$554 million while the drop amount rose 8.1% to US$4.29 billion, according to reporting by Inside Asian Gaming.

Record Quarter and Hold Improvement

Third-quarter casino revenue reached US$200 million, surpassing the previous record of US$184 million due to improved hold. Paradise Co operates Paradise Walkerhill in Seoul, Paradise Jeju Grand, Paradise Busan and the flagship Paradise City integrated resort in Incheon.

The improved hold converted a higher drop volume into outsized revenue gains for the quarter. Sequential softening in September illustrates how quickly revenue can vary with drop fluctuations even when year-on-year trends remain positive. Operators will track fourth-quarter drop volumes and hold percentages to determine whether the third-quarter efficiency level carries forward.

Reporting: Inside Asian Gaming

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