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Grand Korea Leisure sees 18% month-to-month improvement in casino sales in October

Newsdesk by Newsdesk
Thu 5 Nov 2020 at 04:31
Grand Korea Leisure sees 2Q18 net income soar
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Korean foreigner-only casino operator Grand Korea Leisure (GKL) showed some sequential improvement in October with casino sales rising 18.0% compared with September to KRW11.11 billion (US$9.9 million).

After two straight months of declines, October’s results included a 17.2% increase in table game sales to KRW9.16 billion (US$8.1 million) and 22.0% in slot machines to KRW1.95 billion (US$1.7 million). However, even with the improvements, casino sales were down 69.5% compared with the same month in 2019.

South Korea’s foreigner casinos continue to be severely hampered by the global COVID-19 pandemic and subsequent restrictions on international travel, with fellow operator Paradise Co this week reporting a 72.2% year-on-year decline to KRW22.36 billion (US$19.8 million) in October.

Through the first 10 months of 2020, GKL’s casino sales have fallen 54.5% year-on-year to KRW180.54 billion (US$160.1 million) while table drop is down 63.6% to KRW1.37 trillion (US$1.22 billion).

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

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Tags: BusancasinoGrand Korea LeisureSeoulSeven LuckSouth Korea
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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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