Korean foreigner-only casino operator Grand Korea Leisure (GKL) has reported a 68.0% year-on-year decline in casino sales to KRW12.48 billion (US$10.4 million) in June as the impact of COVID-19 on international travel continues to hit the sector.
GKL’s two casinos in Seoul and one in Busan under its Seven Luck brand were all closed throughout April before opening their doors again on 6 May. The company’s June numbers at least showed some sequential improvement, up 20.5% over the KRW10.36 billion (US$8.7 million) in casino sales it reported in May.
June casino sales included a 69.0% year-on-year decline in table game sales to KRW10.45 billion (US$8.7 million) and 61.7% fall in EGM sales to KRW2.03 billion (US$1.7 million). Table drop was down 69.3% to KRW107.84 billion (US$90.2 million).
Through the first six months of 2020, GKL’s casino sales have fallen 41.1% year-on-year to KRW133.07 billion (US$111.4 million) while table drop is down 56.1% to KRW976.56 billion (US$817.1 million).
Fellow foreigner-only casino operator Paradise Co last week reported an 80.8% year-on-year decline in June casinos sales to KRW13.82 billion (US$11.5 million).
RelatedPosts
