(AsiaGameHub) –   Paradise Co announced a 3.8% year-on-year rise in Q1 2026 revenue, totaling KRW 293.97 billion (€203 million), driven by consistent casino operations and a rebound in tourism.

Despite the revenue rise, profitability fell this quarter due to higher costs linked to the Hyatt Regency Hotel acquisition in Incheon, which is now integrated into the Paradise City Resort Complex. The hotel was bought in January for KRW 350 billion (€203 million), and the associated new operating expenses and staffing have weighed on earnings.

Casino operations remain the main revenue driver, accounting for approximately 78% of total income at KRW 228.86 billion (€157.8 million). This includes KRW 112.73 billion (€77.7 million) from Paradise City and KRW 116.13 billion (€80.1 million) from casinos at Walkerhill, Jeju, and Busan.

The total table drop reached KRW 1.755 trillion (€1.21 billion), a 3.6% increase from the previous year, signaling sustained demand from both VIP and mass-market gamblers.

In April, casino revenue surged 80.6% month-over-month to KRW 87.92 billion (€60.6 million). Paradise’s management attributes this growth to improved hold percentages, a rise in VIP visitors from Japan and China, and high hotel occupancy rates ranging from 70% to 90%.

From January to April 2023, total casino revenue climbed 8.2% year-on-year to KRW 316.81 billion (€218.4 million).

Paradise Co recently implemented executive leadership changes, appointing Lim Jun-shin and Choi Jong-hwan as joint co-CEOs. The company also took steps to improve corporate governance, increasing the independence of audit committee members and elevating its environmental, social, and governance (ESG) standards.