Grand Korea Leisure Inc. (GKL), the South Korean operator of foreigner-only casinos under the Seven Luck brand, reported a 6.3 percent year-on-year decline in first-quarter net profit, according to a filing released Wednesday.
Net income attributable to shareholders of the parent company totaled KRW15.09 billion ($10.1 million) for the three months ended March 31st, 2026, compared with KRW16.11 billion ($10.8 million) a year earlier.
Operating income for the quarter fell 10 percent year-on-year to KRW18.15 billion ($12.2 million), while sales increased 0.7 percent to KRW110.65 billion ($74.3 million).
GKL also reported net income from continuing operations before income tax of KRW19.34 billion ($13.0 million), down 8.9 percent from KRW21.22 billion ($14.2 million) in the prior-year period.
Compared with the previous quarter, the company returned to profitability. Operating income reversed from a loss of KRW801 million ($538,000) in the fourth quarter of 2025, while net income swung from a loss of KRW660 million ($443,000).
GKL operates three foreigner-only casinos in South Korea under the Seven Luck brand.
