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South Korea’s GKL sees double-digit revenue drops in October

Foreigner-only South Korean gaming operator Grand Korea Leisure (GKL) saw double-digit drops in revenue in October, with the most recent results indicating KRW28.64 billion ($21.49 million) in casino sales during the period, down 14 percent monthly and 17.7 percent yearly.

This was largely brought about by a drop in table revenue, at KRW25.53 billion ($19.16 million), down 21 percent yearly and 15.2 percent monthly.

Machines performed better on an annual basis, up 24.3 percent, to KRW3.11 billion ($2.33 million), still a monthly drop of 2.7 percent.

Overall table drop rose some 19 percent yearly, to KRW310.84 billion ($233.3 million), a 0.2 percent monthly increase.

For the first 10 months of the year, GKL saw excelling results, with casino sales up 62.1 percent, to KRW334.51 billion ($251.07 million). Tables were up 64 percent yearly, to KRW 303.4 billion ($227.67 million) and machines up 44.9 percent to KRW31.11 billion ($23.34 million).

Table drop during the 10-month period was up 85.6 percent, to KRW2.75 trillion ($2.06 billion).

GKL operates three casinos under the Seven Luck brand, with one in Busan and two in Seoul.

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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