Wednesday 10 December 2025

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Long road back for Grand Korea Leisure as casino sales slow in August

by Newsdesk

Thu 3 Sep 2020 at 16:45

Win rates rising for Grand Korea Leisure but major decline in February visitation points to coronavirus impact

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Korean foreigner-only casino operator Grand Korea Leisure (GKL) saw its casino sales decline 75.9% year-on-year and 10.9% sequentially in August to KRW12.76 billion (US$10.7 million), with COVID-19 continuing to impact visitation.

Having shown some gradual improvement in recent months since reopening its casinos on 6 May, the company saw sales slow again through August with table game sales down 5.4% month-on-month to KRW11.04 billion (US$9.3 million) and slot sales down 31.9% to KRW1.72 billion (US$1.4 million).

Through the first eight months of 2020, GKL’s casino sales have fallen 50.0% year-on-year to KRW160.02 billion (US$134.6 million) while table drop is down 60.0% to KRW1.19 trillion (US$1.0 billion).

GKL operates two casinos in Seoul and one in Busan under its Seven Luck brand.

The company recently reported a KRW23.56 billion (US$19.9 million) loss for the three months to 30 June 2020 on an 80.2% decline in sales.

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Tags: casino sales covid-19 GKL Grand Korea Leisure South Korea

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.

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