South Korea’s GKL sees double-digit revenue drops in October

Foreigner-only South Korean gaming operator Grand Korea Leisure (GKL) saw double-digit drops in revenue in October, with the most recent results indicating KRW28.64 billion ($21.49 million) in casino sales during the period, down 14 percent monthly and 17.7 percent yearly.

This was largely brought about by a drop in table revenue, at KRW25.53 billion ($19.16 million), down 21 percent yearly and 15.2 percent monthly.
Machines performed better on an annual basis, up 24.3 percent, to KRW3.11 billion ($2.33 million), still a monthly drop of 2.7 percent.
Overall table drop rose some 19 percent yearly, to KRW310.84 billion ($233.3 million), a 0.2 percent monthly increase.
For the first 10 months of the year, GKL saw excelling results, with casino sales up 62.1 percent, to KRW334.51 billion ($251.07 million). Tables were up 64 percent yearly, to KRW 303.4 billion ($227.67 million) and machines up 44.9 percent to KRW31.11 billion ($23.34 million).
Table drop during the 10-month period was up 85.6 percent, to KRW2.75 trillion ($2.06 billion).
GKL operates three casinos under the Seven Luck brand, with one in Busan and two in Seoul.

Financial results Grand Korea Leisure Monthly sales Latest news Seven Luck casino

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