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Recovery in Grand Korea Leisure and Paradise Co seen in October


The gaming revenue results from Korea’s two largest foreign-only casino operators – Grand Korea Leisure (GKL) and Paradise Co – saw stark improvements in October, as relaxed COVID measures began to show results.

This includes the resumption of tourist visas in June and the drop of a mandate for hotel quarantine for unvaccinated foreign visitors the same month.

Operator GKL saw casino revenue grow 276 percent yearly, to $24.6 million during the month, while the January to October revenues rose 174 percent yearly, to $145.9 million.

The group currently operates to properties in Seoul and one in Busan.

Paradise Co – which operates in Seoul, Jeju, Busan and Incheon – saw a 120 percent yearly increase in casino revenue during the month, topping $33.2 million, while revenue for the first 10 months increased nearly 26 percent, to $186.6 million.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.


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