Foreigner-only casino operator Grand Korea Leisure (GKL) reported a 72.8% year-on-year and 143.3% quarter-on-quarter increase in net profit to KRW14.6 billion (US$10.0 million) in 3Q25, aided by higher visitation and improved hold rates at its three casinos in Seoul and Busan.
According to information filed by the company on Tuesday, total casino drop amount across its casinos fell by 1.95% to KRW2.72 trillion (US$1.86 billion), however hold increase to 11.7% from 10.4% a year earlier. As a result, casino net sales grew by 10.9% to KRW318.7 billion (US$218 million). This followed a 4.9% increase in visitation to 788,035. Of those, 392,698 visited Seoul Dragon City, another 264,223 visited Gangnam COEX while 131,114 visited Busan Lotte.
Although visitor numbers from China fell 4.6% to 336,883, visitation from Japan grew 16.1% to 277,801 and from other source markets by 9.4% to 173,351. Mass market customers accounted for 86.2% of the total.
GKL said it operated a total of 174 gaming tables, 354 slot machines and 10 ETGs offering 145 terminals during the September 2025 quarter.
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