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Grand Korea Leisure casino revenues low but rising in April

by Newsdesk

Thu 6 May 2021 at 18:14

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South Korean foreigner-only casino operator Grand Korea Leisure (GKL) saw significant improvement in April with casino revenues up 48.4% on March to KRW8.83 billion (US$7.8 million).

The better performance followed the reopening of its Seoul casinos in mid-March, with GKL having previously booked casino revenue of just KRW507 million (US$448,000) in February, when only Seven Luck Casino Busan Lotte was operational.

The company had closed all three of its casinos – Gangnam COEX and Gangbuk, Millenium Seoul Hilton in Seoul, and Seven Luck Casino Busan Lotte – in mid-December as the latest wave of COVID-19 spread across the country before reopening Busan in February.

Fellow foreigner-only casino operator Paradise Co earlier this week reported a 34.4% month-on-month decline in casino revenue in April to KRW14.82 billion (US$13.2 million).

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Tags: casino covid-19 Grand Korea Leisure Seven Luck 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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