4 Oct 2026
Paradise Co Delivers Record Third Quarter Casino Revenue Despite September Fluctuations
Paradise Co, South Korea's leading operator of foreigner-only casinos, posted net casino revenue of KRW86.7 billion or US$64.5 million for September 2026 according to company filings, and this figure marked a 38.2 percent increase from the same month a year earlier while falling 16.8 percent from the record high set in August.
Data indicates the September result completed a record third quarter that brought KRW268.2 billion or US$200 million in total casino revenue, and the quarterly total benefited from improved table hold rates across the company's properties.
September Performance Breaks Down Monthly Trends
September 2026 revenue came in lower than the prior month's peak yet still reflected strong year-over-year growth, and observers note that such month-to-month variations often occur due to seasonal visitor patterns and hold rate fluctuations in table games. The company operates four foreigner-only casino properties in South Korea, and Paradise City in Incheon serves as its flagship location drawing international visitors through integrated resort amenities.
Revenue figures for the month showed continued demand from foreign patrons, while the year-on-year comparison highlighted expansion in table game activity compared with September 2025. Those who track casino performance data point out that hold rates, which represent the percentage of wagers retained by the house, played a key role in lifting September results above the prior year even as they declined from August levels.
Third Quarter Sets New Benchmark for Paradise Co
The third quarter of 2026 produced KRW268.2 billion in casino revenue, surpassing previous quarterly totals and establishing a new company record, and this achievement came despite the September pullback from August highs. Improved table hold rates across the portfolio drove much of the quarterly gain, and company filings show consistent performance at all four operating locations throughout July, August and September.
Paradise Co's four properties include Paradise City in Incheon along with additional sites that cater exclusively to non-Korean visitors, and the integrated resort model at Paradise City combines gaming with hotel, retail and entertainment facilities that support extended visitor stays. Quarterly revenue growth outpaced earlier periods, and the US$200 million equivalent total reflected both volume increases and favorable hold percentages on table games.
Nine-Month Revenue Shows Steady Annual Progress
Through the first nine months of 2026 Paradise Co recorded KRW744.6 billion or US$554 million in casino revenue, representing a 10.8 percent increase over the same period in 2025, and this cumulative total positions the company for a strong finish to the year. The nine-month figure incorporates the record third quarter while smoothing out individual monthly variations that appeared earlier in the period.
Company reports filed with the Korea Exchange detail the progressive revenue climb, and data shows the annual growth rate held steady even after accounting for the September moderation. Foreign visitor arrivals and table game activity contributed to the overall rise, while the four-property portfolio maintained operational consistency across multiple regions.
Operational Context Behind the Reported Figures
Paradise Co maintains a focus on foreigner-only gaming facilities that comply with South Korean regulations restricting domestic participation, and its properties emphasize high-limit table games alongside slot offerings to attract international clientele. The September report arrived in early October 2026, and analysts following the filing noted the contrast between monthly decline and quarterly strength within the same document.
Table hold rate improvements during the third quarter offset some volume fluctuations, and the resulting revenue total of KRW268.2 billion marked the highest three-month performance in the company's history according to available records. Paradise City continues to serve as the primary revenue driver among the four sites, yet the remaining properties contributed steady results that supported the overall quarterly achievement.
Conclusion
The September 2026 operating data completes a standout third quarter for Paradise Co and demonstrates the impact of table hold rates on monthly and quarterly outcomes, while the nine-month total confirms ongoing year-over-year expansion. Company filings provide the detailed breakdown of revenue across periods, and the four-property network including Paradise City in Incheon remains central to these results. Further updates on October 2026 performance will appear in subsequent monthly reports as the company continues its operations through the remainder of the year.