South Korea’s two listed foreigner-only casino operators, Grand Korea Leisure (GKL) and Paradise Co, both posted sharp month-on-month declines in casino sales for June, according to separate filings to the Korea Exchange on Thursday, July 2nd.
GKL recorded June casino sales of KRW37.2 billion ($24 million), up 6.9 percent from a year earlier but down 13.8 percent from May. Table game sales came in at KRW33.28 billion ($21.5 million), up 5.3 percent year-on-year, while machine game sales rose 22 percent year-on-year to KRW3.92 billion ($2.5 million).
The revenue decline outpaced the drop in visitation. Data published on GKL’s website shows an estimated 16,986 table game visitors in June, down 5.5 percent from May but up 17.6 percent year-on-year. VIP visits fell 14.3 percent month-on-month to 2,664, while premium mass visits slipped 3.7 percent to 14,322, still up 20.7 percent from a year earlier.
Paradise Co reported a steeper fall, with June casino sales of KRW63.17 billion ($40.8 million), down 21.2 percent year-on-year and down 35.6 percent from May. Table game sales dropped 23.6 percent year-on-year to KRW57.61 billion ($37.2 million), while machine game sales gained 16.8 percent to KRW5.56 billion ($3.6 million).
Despite the weak monthly showing, both operators posted single-digit growth for the first half of 2026. GKL’s cumulative casino sales reached KRW227.17 billion ($146.8 million), up 8.2 percent year-on-year, while Paradise Co’s totaled KRW477.62 billion ($308.6 million), up 5.1 percent. GKL’s first-half table game visitation rose 17 percent to 97,437.
Paradise Co’s June table drop stood at KRW641.13 billion ($414.3 million), up 10.3 percent year-on-year, taking first-half drop to KRW3.81 trillion ($2.46 billion), up 8.1 percent.
GKL operates three Seven Luck-branded casinos in Seoul and Busan, while Paradise Co runs venues at Walkerhill Seoul, Busan, Jeju, and Paradise City in Incheon, its joint venture with Japan’s Sega Sammy.
