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S. Korea’s GKL and Paradise see strong November GGR increases y-o-y


South Korea’s Grand Korea Leisure (GKL) and Paradise Co saw strong results in November, on a yearly comparison, with Paradise seeing casino revenues rise 311 percent, to KRW39.57 billion ($30.41 million), while GKL revenue rose by 589 percent yearly to KRW28.19 billion ($21.66 million).

In stock exchange filings the group’s noted their strong yearly increases, despite falls when compared to October.

Grand Korea Leisure registered KRW25.58 billion ($19.66 million) in gaming table revenue, up 944 percent, while machine revenue totaled KRW2.61 billion ($2 million), up 59.2 percent annually.

During the first 11 months of the year the group saw overall casino revenue rise by 195.3 percent, to KRW234.62 billion ($180.37 million). Table revenue rose by 221 percent, to KRW210.54 billion ($161.86 million), while machine revenue topped KRW24.07 billion ($18.5 million), up 73 percent.

For Paradise, mass revenue totaled KRW35.88 billion ($27.57 million), up 356 percent yearly, while VIP revenue was nil, and slot revenue totaled KRW3.65 billion ($2.8 million) during the month, up 109 percent year-on-year

Table drop at the property totaled KRW367.07 billion ($282.21 million), up 165.7 percent yearly.

Both companies operate foreigner-only casinos in South Korea.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.