GKL has posted casino sales of KRW36.6bn (US$25.3m) for the first month of the year.
South Korea.- Grand Korea Leisure (GKL) has shared its financial results for the month of January. Casino sales were KRW36.6bn (US$25.3m), up 6.6 per cent in year-on-year terms and 0.8 per cent month-on-month.
Table-game revenue was KRW33.08bn (US$22.8m), flat sequentially, but 5.3 per cent ahead January 2025. Machine game sales were KRW3.51bn (US$2.4m), up 19.9 per cent year-on-year and 8.7 per cent sequentially.
For the full-year 2025, GKL posted casino sales of KRW425.33bn (US$294m), up 8 per cent from KRW393.61bn (US$267.94m) in 2024. Table-game sales were KRW385.49bn (US$266.8m), up 7.5 per cent year-on-year. Machine-game sales were KRW39.44bn (US$27.3m), 13.1 per cent higher compared to 2024. The drop was KRW3.70tn (US$2.56bn), an increase of 1.5 per cent.
GKL operates three foreigner-only casinos under the Seven Luck brand. Two are situated in the capital, Seoul (including one in Gangnam), and the other in the southeastern port city of Busan. The company operates as a subsidiary of the Korea Tourism Organization, which is affiliated with the Ministry of Culture, Sports, and Tourism.
Earlier this week, GKL again insisted that it has no plans to develop a casino resort in Seoul. In a filing submitted to the Korea Exchange on Monday, the company stated that it is not advancing any initiative to secure its own business site or to build a casino resort in the South Korean capital. The statement comes after media reports pointed to a potential expansion strategy by the state-run operator. The Korea Economic Daily had claimed that the company was preparing a Seoul-based casino project.
GKL has posted casino sales of KRW36.6bn (US$25.3m) for the first month of the year. South Korea.- Grand Korea Leisure (GKL) has shared its financial results for the month of January. Casino sales were KRW36.6bn (US$25.3m), up 6.6 per cent in year-on-year terms and 0.8 per cent month-on-month. Table-game revenue was KRW33.08bn (US$22.8m), flat sequentially,…
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