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GKL annual sales down 52%, but improved in Dec.


Grand Korea Leisure’s 2021 casino sales were down 51.8 percent from their 2020 levels, although figures for the final month of the year showed a 147.7 percent improvement.

According to a filing with the Korea Stock Exchange, total annual sales were KRW89.58 billion ($74.7 million), with table sales of KRW74.3 billion, a decline of 54.1 percent. Machine sales for the year fell 36.8 percent to KRW15.23 billion.

The company, along with South Korea’s other two main operators, reports sales revenue monthly, but provides no detailed information.

Grand Korea Leisure operates three foreigner-only casinos under the Seven Luck brand. The country has been hit particularly hard hit by the closures of international borders, as well as operating restrictions to stop the spread of Covid.

For December, casino sales gained 147.7 percent from the prior month to KRW10.13 billion, with table revenue soaring 259 percent. November was the weakest month of the year for the company.

Sharon Singleton
Sharon Singletonhttps://agbrief.com/about-asia-gaming-brief/
Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.