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GKL with casino sales uptick in March


Grand Korea Leisure (GKL) has unveiled its financial performance for March, showcasing robust growth in casino sales amid dynamic market conditions.

The foreigner-only South Korea casino operator reported total casino sales of KRW40.4 billion (US$29.9 million) for the month, marking a substantial 20 percent surge compared to the preceding month.

Year-on-year, this represents a 4.4 percent increase, with GKL stating ity shows the company’s ‘resilience and adaptability’ in the face of evolving industry trends.

Delving deeper into the breakdown, table-game revenue stood out as a key driver of growth, reaching KRW37.33 billion ($27.7 million), reflecting a significant 19.7 percent month-on-month rise and a solid 4.3 percent uptick compared to the same period last year.

Meanwhile, machine game sales exhibited notable strength, surging by 22.7 percent sequentially and posting a commendable 4.8 percent increase year-on-year, amounting to KRW3.06 billion ($2.2 million).

Despite the impressive monthly performance, GKL’s cumulative casino sales for the first quarter of the year registered a modest decline of 12.9 percent year-on-year, totaling KRW93.67 billion ($69.5 million).

However, this dip was offset by a noteworthy increase in casino drop, which amounted to KRW916.04 billion ($680 million), representing a robust 21.5 percent uptick compared to the corresponding period last year.

Nelson Moura
Nelson Moura
Editor and reporter with 10 years of experience in Greater China, namely Taiwan and Macau, in printed and online media, with a focus on finance, gaming, politics, crime, business and social issues.