Paradise Co is a South Korean casino operator listed in Seoul, running foreigner-only casinos in Seoul, Busan, Incheon and Jeju, and the Paradise City integrated resort near Incheon airport, developed with Japan's Sega Sammy. Its casinos serve Chinese, Japanese and other international visitors under South Korea's rules barring nationals from all casinos except Kangwon Land, and its results track inbound tourism from China and Japan. The company also operates hotels and a spa resort.
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Paradise Co's four foreigner-only casinos took more in the third quarter than in any quarter before it, even though customers bought fewer chips than in the second. Grand Korea Leisure recovered in September, but its quarter was barely ahead of last year's.
Lotte Tour Development drew a record 66,393 casino visitors to Jeju Dream Tower in September and kept the smallest share of their table play in almost three years. Its two listed rivals grew in the same month, and the company is calling it a run of bad luck that October will correct.