Paradise Co Completes Record Quarter With September Revenue of KRW86.7 Billion

Paradise Co, South Korea’s leading operator of foreigner-only casinos, delivered net casino revenue of KRW86.7 billion for September 2026, a figure that translates to roughly US$64.5 million and reflects a 38.2 percent year-on-year gain even as it fell 16.8 percent from the all-time high posted in August. Observers note that the September result rounded out a record third quarter worth KRW268.2 billion, or about US$200 million, and pushed the company’s nine-month total to KRW744.6 billion, equivalent to approximately US$554 million and representing a 10.8 percent increase over the same period in 2025.

September Performance Details

The monthly total came in below August yet still marked one of the stronger September readings on record, with improved table hold rates offsetting softer drop volumes across the company’s properties. Data shows that Paradise City contributed significantly to the overall figure, while other locations maintained steady visitor traffic from international guests. The 38.2 percent year-on-year lift demonstrates continued momentum from the prior year, whereas the sequential drop from August highlights normal monthly fluctuations that often follow peak periods.

Quarterly Achievement and Drivers

Third-quarter revenue reached KRW268.2 billion, establishing a new benchmark for the company and surpassing previous quarterly totals. Experts have observed that stronger table hold percentages played a central role in lifting the aggregate number, even though overall drop amounts moderated compared with the preceding months. Paradise City stood out among individual properties, delivering robust contributions that helped anchor the quarterly result. The pattern aligns with broader trends in which hold-rate improvements can compensate for variable drop levels, producing higher net revenue despite uneven player activity.

Company filings referenced via the October 2, 2026 submission to the KRX disclosure platform confirm these outcomes and provide the granular breakdown that analysts use to track performance. Those who follow the sector point to the consistency of Paradise City’s contribution across multiple quarters as a stabilizing factor that supports overall growth targets.

Nine-Month Cumulative Results

Through the first nine months of 2026 the operator accumulated KRW744.6 billion in net casino revenue, up 10.8 percent from the corresponding period in 2025. This cumulative total incorporates the record third quarter and positions the company for a strong finish to the calendar year. The year-on-year expansion reflects sustained demand from foreign visitors combined with operational adjustments that enhanced hold rates during key periods. September’s addition of KRW86.7 billion brought the nine-month sum to its current level without requiring any single month to exceed prior peaks.

Context in October 2026 Reporting Cycle

Release of the September figures in early October 2026 supplied market participants with the final data point needed to evaluate the third-quarter performance. The timing allowed direct comparison against August’s record and clarified how hold-rate gains interacted with softer drop volumes. Industry participants reviewing the KRX filing have noted that Paradise Co’s results fit within a pattern of quarterly records punctuated by monthly variability, a dynamic that appears repeatedly across multiple reporting cycles. The September outcome, while lower than August, still exceeded the same month in the previous year by a substantial margin, underscoring the underlying growth trajectory.

Conclusion

The September 2026 revenue of KRW86.7 billion completed a record third quarter of KRW268.2 billion for Paradise Co and lifted nine-month casino revenue to KRW744.6 billion. Improved table hold rates offset softer drop amounts, with notable contributions from Paradise City and other properties. The 38.2 percent year-on-year increase alongside the 16.8 percent sequential decline from August illustrates both sustained annual momentum and typical monthly variation within a high-performing period.