GKL June sales rise 20% from May

Grand Korea Leisure saw casino sales in June rise 20.5 percent from the prior month, boosted by revenue from table games, although they showed a drop of 68 percent from the prior year.

The South Korean operator said sales were KRW12.48 billion ($10.4 million), down from KRW38.95 billion a year earlier. In May, sales were KRW10.36 billion. 

The company said table games revenue was down 69 percent year-on-year, but were up 29.4 percent from May. Machine sales were down 11.2 percent on the month and 61.7 percent on the year. 

Year-to-date, the company has seen a drop in revenue of 41.1 percent to KRW133.06 billion, with table games down 39.8 percent and machine revenue down 50 percent. 

GKL operates foreigner-only casinos under the Seven Luck Brand.

Last week, rival foreigner only casino operator Paradise Co. reported a more than 80 percent decline in year over year sales for June and also registered a weakening trend from May, seeing sales down 53.6 percent. 

 

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