South Korea-based Paradise Co. reported a net income of KRW5.2 billion ($4.6 million) for the third quarter, 266% higher than the KRW1.4 billion ($1.3 million) posted for the corresponding period last year.

In its filing, the company also reported sales of KRW210.5 billion ($186.7 million), up 7.3% from last year’s third quarter. Casino sales represented the bulk of this, at KRW164.7 billion ($146.1 million), 5.9% higher than the same period last year.

Paradise City, the hotel-casino which the company co-owns with Japanese gaming firm SegaSammy, saw a 26.7% increase in sales, to KRW84.4 billion ($74.8 million). However, it remained at a net loss of KRW1.5 billion ($1.3 million), still better than last year’s third-quarter loss of KRW8.1 billion ($7.2 million).

“Operation cost following [Paradise City’s] phase 1-2 started to reflect into 3Q,” the report read. Phase 1-2 opened last September, and includes a shopping area, spa facilities, nightclub, and an art exhibition hall. A kids-oriented theme park is scheduled to open sometime next year.