South Korean foreigner-only casino operator Grand Korea Leisure (GKL) reported a 7.4 percent decrease in casino gaming revenue on a year-on-year basis in the first six months, totaling KRW192.57 billion ($138.6 million).
The decrease in revenue is seen in both table games and slot machines compared to the same period last year.
According to the company’s latest update on the South Korean Stock Exchange, table games revenue fell by 7.6 percent year-on-year in 1H24 to KRW175.29 billion ($126.2 million), while machine revenue saw a 5.4 percent drop to KRW17.3 billion ($12.4 million).
For the single month of June, the company’s gaming revenue experienced an increase of 25.3 percent from the same month last year, reaching KRW37.02 billion ($26.6 million).
Table gaming showed a 29 percent increase compared to June 2023, while machine gaming revenue decreased by 7.8 percent year-over-year.
GKL is a foreigner-only casino operator in South Korea, which is a subsidiary of the Korea Tourism Organization, itself affiliated with South Korea’s Ministry of Culture, Sports, and Tourism.
