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Strong finish to year as Grand Korea Leisure sees 2023 casino revenues top US$303 million

by Newsdesk

Thu 4 Jan 2024 at 05:53

Casino revenues stabilize for Korea’s Paradise, GKL in November

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Korean’ foreigner-only casino operator Grand Korea Leisure has reported annual casino revenues of KRW397.4 billion (US$303.3 million) in 2023, up 49.8% year-on-year and aided by a strong finish to the year.

In a Wednesday filing, GKL revealed December casino sales of KRW34.9 billion (US$26.6 million), representing a 14.4% year-on-year improvement and 25.3% higher than November. This included table games revenue of KRW32.0 billion (US$24.4 million), up 28.5% month-on-month, and machine revenue of KRW2.98 billion (US$2.27 million), down 1.0%.

December table drop of KRW366.6 billion (US$280 million) was 32.2% higher than in November. For FY23, table drop reached KRW3.39 trillion (US$2.59 billion), up 70.8% year-on-year.

GKL operates three casinos in South Korea and Seoul and Busan under the Seven Luck brand.

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Tags: 2023 casino GKL Grand Korea Leisure revenue 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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