Aug 12, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck  
South Korean operator of casinos Grand Korea Leisure Co Ltd (GKL) says the net profit attributable to its shareholders fell to just over KRW20.05 billion (US$16.5 million) in the second quarter of 2019, or 26.2 percent less than a year earlier.
GKL announced in writing on Friday that its second-quarter sales grew by 1 percent year-on-year to KRW117.36 billion.
Second-quarter operating profit fell by 23.8 percent to just over KRW26.44 billion.
The firm didn’t give information on the reason for the wide difference between the relatively modest year-on-year increase in second-quarter sales, versus the decline in net income for the period.
GKL runs three casinos in the Seven Luck chain – two in Seoul and one in the southern Korean city of Busan – which admit only foreign gamblers. The company is a subsidiary of the South Korean government-run Korea Tourism Organization.
In a separate statement on Friday, GKL declared an interim cash dividend of KRW130 a share, payable on a date yet to be set to shareholders on record on June 30. The total dividend payout amounts to just over KRW8.04 billion, said the company.
In July GKL announced that its casino sales grew to almost KRW38.96 billion in June, 6.6 percent more than a year earlier.
The company said casino sales in the first half of 2019 shrank to about KRW226 billion, 5.3 percent less than a year earlier.
Jun 01, 2023
May 25, 2023
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31