GKL sees 3% yearly growth in September despite monthly dip in casino sales

South Korean foreigner-only casino operator, Grand Korea Leisure (GKL), reported a 3 percent year-on-year increase in casino sales for September, reaching nearly KRW 34.32 billion ($25.5 million).

However, this figure was down 16.9 percent from the previous month. Table-game sales rose 4.9 percent year-on-year but dropped 17.1 percent sequentially to KRW31.60 billion. Machine-game sales declined both year-on-year and sequentially.
For the first nine months of 2024, GKL's total sales fell 6 percent year-on-year to KRW287.39 billion, despite an overall increase in customer spending, or “drop,” by 13.5 percent.
GKL operates three Seven Luck casinos, with locations in Seoul and Busan. The company’s performance has been gradually improving following the challenges of the COVID-19 pandemic, and in August, it announced its first interim dividend since 2019.
While September’s figures were mixed, the company continues to focus on long-term recovery, supported by South Korea’s tourism efforts through its affiliation with the Korea Tourism Organization.

Asia Gambling Casino sales Foreigner-only casinos South Korea GGR

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