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Grand Korea Leisure’s casino sales down sequentially to US$25.6 million in September

Newsdesk by Newsdesk
Sat 5 Oct 2024 at 22:19
Casino revenues stabilize for Korea’s Paradise, GKL in November
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Foreigner-only casino operator Grand Korea Leisure reported a 16.9% month-on-month decrease in casino sales to KRW34.3 billion (US$25.6 million) in September, following a similar downturn experienced by market rivals Paradise and Lotte Tour. The September result was, however, up 3.0% year-on-year.

GKL’s casino sales comprised a 17.1% sequential decrease in table revenue to KRW31.6 billion (US$23.5 million) and 14.6% decrease in slots revenue to KRW2.72 billion (US$2.0 million). It came off a 16.1% decline in drop to KRW277.7 billion (US$207 million).

Casino sales for the first nine months of 2024 combined are at KRW287.4 billion (US$214 million), down 6.0% on the same period last year.

Table drop of KRW2.77 trillion (US$2.06 billion) through September is up 13.5% year-on-year.

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

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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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