GKL August revenue heads south again

Grand Korea Leisure saw its sales drop again in August from the prior month after showing signs of a month-on-month improvement in July.

Sales at the company’s foreigner-only casinos were down 75.9 percent from the same month the prior year and 10.1 percent from July, when sales had gained 13.7 percent in June.

The country is battling yet another spike in Covid-19 cases, with fellow casino operator Paradise Co. having shuttered its Paradise City casino near the international airport at Incheon until at least Sept. 7th after a staff member tested positive for the virus. 

Total August sales were KRW12.76 billion ($10.7 million).

Table-game revenue was down 76.9 percent from the prior year and 5.4 percent from July at nearly KRW11.04 billion. Machine sales for the month fell 31.9 percent from July and 66.7 percent from the prior year. 

GKL operates casinos under the Seven Luck brand in Seoul and Busan.

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts