GKL reports 57 percent increase in Chinese players

Grand Korea Leisure Co. Ltd. reported a 57 percent year-on-year increase in the number of players from China during the fourth quarter 2014.

Grand Korea, which manages two foreigner-only casinos in the capital, said it received a total of 1.57 million visitors in 2014 while total casino drop amounted to $4.01 billion.

The total number of the visitors at the company’s venues increased 34 percent to a total of 510,000 for the last quarter of 2014. Japanese and Chinese players accounted for 28 percent and 40 percent, respectively.

Grand Korea also announced that its revenue for the fourth quarter of 2014 grew by 5 percent to reach $135.6 million.

Company’s net profit rose 21 percent year-on-year to reach $28.2 million. The increase was attributed to lower general and administrative costs.

 

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