Tuesday, August 09, 2022

GKL profit down 6.9 percent in 2019


South Korean casino operator Grand Korea Leisure saw its profit fell 6.9 percent to KRW72.4 billion (US$61.2 million) in 2019.

In a regulatory filing, the company said it posted KRW 96.8 billion in operating profit for the year, while annual revenue rose 2.2 percent to KRW490.8 billion.

The casino operator said it delivered strong fourth-quarter results, however, with net income up 167.5 percent year-on-year, while revenue rose 17 percent. 

GKL operates the Seven Luck foreigner-only casino in Gangnam Seoul, Gangbuk Millenium Seoul Hilton and in Busan Lotte. 

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