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HomeNewsSouth KoreaGrand Korea Leisure sees 4.6 percent rise in casino sales in December m-o-m

Grand Korea Leisure sees 4.6 percent rise in casino sales in December m-o-m

Korean foreigner-only casino operator Grand Korea Leisure saw a 4.6 percent rise in its casino sales in December of 2024, and a 10.7 percent yearly rise during the month.

According to the most recent data from the company, the December figure amounted to KRW38.7 billion ($26.35 million).

Table games continued to contribute the majority of casino revenue, at KRW35.63 billion ($24.26 million) – a monthly rise of some 5.6 percent and a yearly increase of 11.5 percent.

Meanwhile, machine gaming revenue declined slightly month-on-month, at KRW3.06 billion ($2.08 million). The figure, however, was a yearly rise of 2.7 percent.

Overall December’s casino drop was down both monthly and yearly, falling 5 percent and 24.8 percent, respectively – totaling KRW3366.6 billion ($249.55 million).

Regarding results for the whole of 2024, casino sales were down slightly, by 0.9 percent, to KRW393.61 billion ($267.94 million).

Table games were down by 0.4 percent yearly, to KRW358.73 billion ($244.19 million), while machine revenues fell by 6 percent, to KRW34.88 billion ($23.74 million).

Casino drop in the 12-month period totaled KRW3.64 trillion ($2.48 billion) – an increase of 7.5 percent yearly.

GKL operates its casinos under the Seven Luck brand, being a ‘quasi-market-based public corporation’, under the Korea Tourism Organization.

Kelsey Wilhelm
Kelsey Wilhelmhttps://agbrief.com
Kelsey Wilhelm is a print and broadcast journalist and editor. Based in Asia for over 20 years, he saw the birth of Macau's rampantly successful gaming industry, propelling him into the world of casinos. Now focusing on all markets throughout Asia, he embraces new technologies and trends, from sports betting to online gaming – always seeking the new frontier.

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