Grand Korea Leisure’s casino revenue falls to $21 million

(AsiaGameHub) – Grand Korea Leisure (GKL), a casino operator exclusively for foreign patrons, recorded casino revenue of KRW32.0 billion (approximately US$21.2 million) in March. This figure represents a 22.8% decrease compared to the previous year, yet an increase of 16.0% from February.
This decline in revenue is somewhat unexpected, considering that the total drop amount—the sum of money wagered by customers—actually grew by 13.5% year-over-year and 18.8% month-over-month, reaching KRW339.3 billion ($225 million).
Revenue from table games saw a 26.0% year-over-year reduction, totaling KRW28.4 billion ($18.8 million). Conversely, electronic (machine) revenue rose by 17.8% to KRW3.54 billion ($2.3 million), when compared to March of the previous year and February of the current year, respectively.
GKL has announced casino revenue of KRW425.3 billion (US$294 million) for the fiscal year ending 2025. This report comes after the company decided to discontinue its plans to purchase the land housing the Seven Luck Casino in Seoul’s Dragon City development.
GKL presently operates three casinos in South Korea under the Seven Luck brand, with establishments situated in both Seoul and Busan.
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