• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 24 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Korea’s GKL books US$20 million loss in 2Q20, down 218%

Newsdesk by Newsdesk
Tue 11 Aug 2020 at 05:29
Grand Korea Leisure’s June casino sales down 68% on 2019 levels
12
SHARES
237
VIEWS
Print Friendly, PDF & Email

Korean foreigner-only casino operator Grand Korea Leisure (GKL) saw group-wide sales plummet 80.2% in the three months to 30 June 2020, impacted by the temporary closure of its casinos and the ongoing impact of COVID-19 on international travel.

While GKL has shown some ongoing improvement in recent months, 2Q20 revenue took a major hit – falling to KRW23.26 billion (US$19.6 million) from KRW117.36 billion (US$98.9 million) over the same period in 2019. Accumulated sales for the year are down 40.5% to KRW134.77 billion (US$113.6 million).

The decline in sales pushed the company to a net loss attributable to shareholders of KRW23.56 billion (US$19.9 million) for the quarter compared with a profit of KRW20.05 billion (US$16.9 million) in 2Q19, with GKL now running at a KRW8.84 billion (US$7.5 million) loss for the first six months of the year.

GKL, which operates two casinos in Seoul and one in Busan under its Seven Luck brand, saw all properties closed throughout April before opening their doors again on 6 May.

The company last week reported a 65.5% year-on-year decline in casino sales to KRW14.19 billion (US$11.9 million) in July, although those numbers represented a 13.7% improvement on the KRW12.48 billion (US$10.4 million) in casino sales the company reported in June. It was also significantly higher than casino sales of KRW10.36 billion (US$8.7 million) in May.

RelatedPosts

Korea’s INSPIRE launches industry-first KakaoMap indoor map service to simplify property navigation

Korea’s INSPIRE launches industry-first KakaoMap indoor map service to simplify property navigation

Thu 24 Jul 2025 at 10:35
SkyCity launches mandatory carded play across its three New Zealand casinos

SkyCity launches mandatory carded play across its three New Zealand casinos

Wed 23 Jul 2025 at 09:44
DICJ keeps Macau casinos open during Typhoon Wipha for fear of guests going outside, border checkpoints shut down

DICJ keeps Macau casinos open during Typhoon Wipha for fear of guests going outside, border checkpoints shut down

Sun 20 Jul 2025 at 13:20
A deeper look at how Singapore introduced casino gaming: possible lessons for Thailand

A deeper look at how Singapore introduced casino gaming: possible lessons for Thailand

Fri 11 Jul 2025 at 07:15
Load More
Tags: Busancasinoscovid-19GKLGrand Korea LeisureSeoulSeven LuckSouth Korea
Share7Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

How IT professional from Chennai became a MobCash agent in four months 

How IT professional from Chennai became a MobCash agent in four months 

by Newsdesk
Thu 24 Jul 2025 at 10:42

CLIENT PROMOTION A few months ago, Anwar, a 26-year-old IT professional from Chennai, believed that the path to his own business would require years of investment, complex planning and risk. Everything changed in March 2025 when he registered as a...

Korea’s INSPIRE launches industry-first KakaoMap indoor map service to simplify property navigation

Korea’s INSPIRE launches industry-first KakaoMap indoor map service to simplify property navigation

by Newsdesk
Thu 24 Jul 2025 at 10:35

Korea’s INSPIRE Entertainment Resort has launched a new indoor map service, designed to enhance the guest experience by providing a detailed floor plan and facility guide. A collaboration with Kakao, the KakaoMap application marks the first indoor map service introduced...

A New Macau

Sands China to adopt more aggressive approach to customer reinvestment in Macau due to recent underperformance, targets US$2.7 billion annual EBITDA

by Ben Blaschke
Thu 24 Jul 2025 at 06:16

Sands China says it will adopt a significantly more aggressive approach to customer reinvestment in Macau after admitting it has underperformed in the market in recent quarters. Despite seeing positive signs from the recent completion of The Londoner Macao’s multi-billion-dollar...

Dr Wilfred Wong

The Londoner Macao shows benefits of multi-billion-dollar revamp as 2Q25 performance pushes Sands China revenues to US$1.79 billion

by Ben Blaschke
Thu 24 Jul 2025 at 05:17

Sands China saw its net revenues grow by 2.5% year-on-year and 5.3% sequentially to US$1.79 billion in the three months to 30 June 2025, buoyed by significant growth at its recently renovated The Londoner Macao, according to information released by...

Your browser does not support the video tag.


IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語