Grand Korea Leisure (GKL) reported a 15 percent year-on-year decline in casino sales for August, falling to KRW35.08 billion ($25.4 million), according to a filing with the Korea Exchange on Wednesday.
The August results marked a downturn from the previous month, with sales dropping 10 percent compared to July’s KRW38.99 billion ($30 million). The decline was primarily driven by weaker performance in table games, which generated KRW31.18 billion ($22.6 million) in revenue, representing an 18.2 percent decrease from the same period last year and an 11.8 percent drop from July.
Machine game revenue provided some relief, rising 22.8 percent year-on-year to KRW3.90 billion ($2.8 million) and increasing 7 percent month-on-month, demonstrating continued growth in this segment.
The August decline comes after GKL posted strong results in July, when casino revenue rose 102.8 percent year-on-year. Table games revenue in July had grown 113.4 percent, while machine games increased 36.9 percent during that period.
Despite August’s setback, GKL maintained positive momentum for the year-to-date period. Cumulative casino sales from January through August reached KRW283.93 billion ($205.7 million), up 12.2 percent compared to KRW253.07 billion ($183.4 million) recorded in the same period of 2024.
Table games revenue for the eight-month period rose 12.2 percent year-on-year to KRW257.93 billion ($186.8 million), while machine game sales increased 12.5 percent to KRW26.00 billion ($18.8 million).
GKL operates three foreigner-only casinos in South Korea under the Seven Luck brand—two in Seoul and one in Busan. The company is a subsidiary of the Korea Tourism Organization, which is affiliated with the Ministry of Culture, Sports and Tourism.
