Grand Korea Leisure Co. (GKL), a subsidiary of the Korea Tourism Organization, reported a 6.5 percent year-on-year decline in casino sales for October 2025, totaling KRW28.56 billion ($20.4 million), according to the company’s latest filing.
The operator of three foreigner-only casinos under the Seven Luck brand said its October revenue also fell 17.9 percent from the previous month, reflecting a slowdown in gaming activity across both table and machine games.
Table games contributed KRW25.15 billion ($18 million) in revenue, down 19.8 percent month-on-month and 9.5 percent lower than a year earlier. Machine game sales were nearly flat, slipping 0.3 percent from September to KRW3.41 billion ($2.4 million), but rising 24.8 percent compared with October 2024.
For the January–October period, GKL’s cumulative casino revenue reached KRW347.28 billion ($247.8 million), up 9.2 percent from the same period last year. Table games accounted for KRW314.42 billion ($224.4 million), marking an 8.7 percent year-on-year increase, while machine games brought in KRW32.83 billion ($23.4 million), up 14.9 percent.
GKL, which operates two casinos in Seoul (Gangnam Coex and Hilton) and one in Busan, caters exclusively to foreign visitors. The company’s performance is often seen as a barometer of South Korea’s inbound tourism trends, particularly among Japanese and Chinese travelers.
The results come amid broader recovery efforts in Korea’s tourism and hospitality sectors, supported by increasing flight connectivity and visa policy adjustments aimed at attracting more overseas visitors.
GKL’s weaker performance contrasts with the robust results of Jeju Dream Tower, which reported a 108.4 percent year-on-year surge in casino revenue to KRW50.44 billion ($36.6 million) in October 2025.
