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.
