• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 3 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins

Newsdesk by Newsdesk
Wed 14 May 2025 at 06:26
Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins
8
SHARES
188
VIEWS
Print Friendly, PDF & Email

Korean foreigner-only casino operator Grand Korea Leisure (GKL) reported net profit of KRW16.1 billion (US$11.4 million) in the three months to 31 March 2025, boosted by higher casino sales and better margins.

Operating profit grew by 45.3% to KRW20.2 billion, according to information filed with the Korea Exchange, with margin of 18.4% up from 14.2% in 1Q24.

GKL operates three foreigner-only casinos nationwide, including two in Seoul and one in Busan. The company’s Q1 results presentation showed that much of the improved performance came from playing lucky at its Gangnam Coex property in Seoul, where GKL booked a 79.6% year-on-year rise in casino net sales to KRW64.3 billion despite casino drop actually falling by 13.3% to KRW450.8 billion.

Conversely, Seoul Dragon City saw drop fall by 10.9% to KRW245.7 billion and casino sales by 35.1% to KRW28.3 billion, while Busan Lotte reported an 8.40% rise in drop to KRW130.4 billion with casino sales up 9.1% to KRW15.6 billion.

Total visitation across the three properties grew by 7.2% year-on-year to 227,591. This included 104,000 Chinese visitors and 75,000 Japanese visitors, both showing strong increases compared with the same period in 2024.

GKL is controlled by the Korea Tourism Organization – a division of the Ministry of Culture, Sports and Tourism – via its 51% economic stake.

RelatedPosts

Jeju Dream Tower casino sales down 7.4% in March

Korea’s Jeju Dream Tower continues growth spurt as May gaming revenues hit US$30 million

Mon 2 Jun 2025 at 18:56
Kangwon Land GGR up 3.8% year-on-year on higher VIP play

Kangwon Land to support local SMEs in entering global slot machines and gaming technology market

Wed 28 May 2025 at 06:09
Mass gaming segment drives sequential revenue growth for Korea’s Kangwon Land in 3Q24

Kangwon Land granted permission to increase minimum bets on blackjack and poker

Wed 21 May 2025 at 05:52
Korea’s Paradise Co plays unlucky in April as casino revenue falls 13% to US$51 million

Korea’s Paradise Co reports higher casino sales in 1Q25 on strong hold, record mass drop

Tue 13 May 2025 at 06:20
Load More
Tags: casino salesGrand Korea LeisureSeven LuckSouth Korea
Share3Share1
Newsdesk

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.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Macau GGR comes in at MOP$18.9 billion in April, up 1.7% year-on-year

Macau government lowers 2025 GGR forecast to US$28 billion

by Pierce Chan
Tue 3 Jun 2025 at 16:06

The Macao SAR Government announced Tuesday that it has lowered its gross gaming revenue estimate for 2025 to MOP$228 billion (US$28.2 billion), or an average of MOP$19 billion (US$2.35 billion) per month – down from a previous estimate of MOP$240...

Sega Sammy chairman Hajime Satomi named in Japan’s Top 50 rich list

by Newsdesk
Tue 3 Jun 2025 at 12:04

Hajime Satomi, the chairman of leading Japanese pachinko supplier and integrated resort investor Sega Sammy Holdings, has been named among Japan’s 50 richest people in 2025 by business media group Forbes. Satomi is ranked at No.41 on this year’s list...

Always in season for bold escapes at Hann Resorts

Always in season for bold escapes at Hann Resorts

by Newsdesk
Tue 3 Jun 2025 at 10:09

CLIENT PROMOTION Hann Resorts in Clark encourages guests to disconnect from their digital gadgets and rediscover the benefits of offline experiences with family and friends up north at Clark, Pampanga. “Travel, Stay, Play.” Guests from Visayas, Mindanao and other countries...

Thai Government announces Entertainment Complex Press Briefing for Wednesday, local media buzzing with anticipation

Thai Government announces Entertainment Complex Press Briefing for Wednesday, local media buzzing with anticipation

by Andrew W Scott and Ben Blaschke
Tue 3 Jun 2025 at 06:34

Late yesterday afternoon the Thai government announced a Press Briefing would be held on the eve of the Thai Entertainment Complex Roundtable (TECR), which is being organized by Inside Asian Gaming. The Press Briefing, to be held at the Ministry...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English