Monday, February 26, 2024
HomeNewsSouth KoreaKangwon Land sees 60% yearly increase in GGR for 3Q22, profit of $55mln

Kangwon Land sees 60% yearly increase in GGR for 3Q22, profit of $55mln


South Korean casino operator Kangwon Land saw its gross gaming revenue (GGR) rise some 60.6 percent yearly during the third quarter, reaching KRW378.8 billion ($280 million), driven by increases across all gaming segments.

Mass table revenues rose by 84.3 percent annually, reaching KRW170.7 billion ($130 million), while slot machine revenue was up 63.4 percent year-on-year, to KRW149 billion ($110 million).

The group’s Membership Club revenue rose by 13.5 percent annually, to KRW59.1 billion ($44 million).

This was coupled with non-gaming revenue increases of 72.3 percent year-on-year, totaling KRW54.1 billion ($40 million).

Total sales during the quarter reached KRW397.6 billion ($290 million), up 62.1 percent annually, with the group’s net profit skyrocketing by 265.9 percent annually, to KRW74.7 billion ($55 million).

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.