Grand Korea Leisure (GKL), South Korea’s leading operator of foreigner-only casinos, has released its interim report for October 2024, revealing a mixed performance in its gaming revenue.
In October, GKL recorded casino sales of KRW30.5 billion ($22.2 million), reflecting an 11 percent decrease from KRW34.3 billion ($24.9 million) in September 2024. However, this represents a 6.6 percent increase from KRW28.6 billion ($20.8 million) in October of 2023.
The decline in revenue from the previous month was primarily driven by a 12 percent drop in table game sales, which totaled KRW27.8 billion ($20.2 million), while machine game revenue showed a slight increase of 0.7 percent to KRW2.7 billion ($2.0 million).
Year-to-date figures reveal cumulative casino sales of KRW317.9 billion ($230.0 million) for 2024, marking a 5 percent decrease compared to KRW334.5 billion ($242.0 million) recorded during the same period last year.
The cumulative performance in table games also reflects a decline of 4.6 percent, totaling KRW289.4 billion ($210.0 million), while machine game sales decreased by 8.2 percent to KRW28.6 billion ($20.8 million).
Despite the challenges posed by economic conditions and fluctuating consumer sentiment, GKL noted that the overall gaming drop amount in October was KRW313.1 billion ($227.0 million), an increase of 12.7 percent from KRW277.7 billion ($201.2 million) in September.
This figure also shows a marginal increase of 0.7 percent compared to KRW310.8 billion ($225.2 million) from the same month last year.
