Daily brief
Market · South Korea · Thu 12 Nov · 3 min read · By Roland Cinco
Paradise Co lifts third-quarter net income by 20.6 percent
What happened
South Korea’s foreigner-only casino operator Paradise Co reported third-quarter net income attributable to shareholders of KRW27.78 billion, up 20.6 percent year-on-year, according to GGRAsia.
Net income increased by 76.0 percent from the preceding quarter, according to the company filing cited in GGRAsia’s report published on 11 November 2026.
Sales for the three months to 30 September 2026 reached nearly KRW351.66 billion, an increase of 22.0 percent compared with the same quarter last year.
Overall sales also increased by 10.6 percent quarter-on-quarter, giving Paradise Co growth against both comparison periods in the latest reporting period.
For the first nine months of 2026, net income stood at KRW60.04 billion, down 20.0 percent, while overall sales increased 12.6 percent to KRW963.71 billion.
Aggregate casino sales for those nine months reached KRW744.59 billion, up 10.8 percent from the prior-year period, according to data released in early October.
Why it matters
Sources: GGRAsia, markets.ft.com
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