vaikunthah kalpito yena

 loko loka-namaskrtah

ramaya prarthyamanena

 devya tat-priya-kamyaya

 

Translation by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada: 

 

Just to please the goddess of fortune, the Supreme Personality of Godhead, Vaikuntha, at her request, created another Vaikuntha planet, which is worshiped by everyone.

 

Purport by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada: 

 

Srila Visvanatha Cakravarti Thakura remarks here that this Vaikuntha planet, like Srimad-Bhagavatam, appears and is said to be born or created, but both Srimad-Bhagavatam and Vaikuntha eternally exist beyond the material universes, which are enveloped by eight kinds of coverings. As described in the Second Canto, Lord Brahma saw Vaikuntha before the creation of the universe. Viraraghava Acarya mentions that this Vaikuntha is within the universe. It is situated above the mountain known as Lokaloka. This planet is worshiped by everyone.