• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GKL Nov casino revenue dips m-o-m like rival Paradise Co

Dec 07, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck  


GKL Nov casino revenue dips m-o-m like rival Paradise Co

Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, saw a similar slump in casino revenue in November compared to October as did its market rival Paradise Co Ltd, which reported its November numbers last week.

Grand Korea’s November gaming revenue was KRW4.09 billion (US$3.5 million), down 55.9 percent on October. Judged year-on-year, this November’s result was down 25.4 percent.

This November’s table revenue dipped 68.1 percent sequentially, to KRW2.45 billion, and declined 40.1 percent year-on-year.

No reason was given in the Monday filing to the Korea Exchange as to the reason for the deterioration in performance.

Machine-game revenue was up 2.5 percent month-on-month, to KRW1.64 billion, and up 17.5 percent year-on-year.

For the first 11 months of this year, accumulated casino revenue for Grand Korea Leisure was just under KRW79.45 billion, with 82.5 percent of if being supplied by table game business.

Accumulated casino revenue was however down 57.3 percent when judged year-on-year.

Grand Korea Leisure is a subsidiary of the Korea Tourism Organization, which in turn is affiliated to South Korea’s Ministry of Culture, Sports and Tourism.

The casino-operating entity runs three foreigner-only casinos in South Korea under the Seven Luck brand: two in the capital Seoul (pictured Gangnam site), and one in the southern port city of Busan.


  • tweet
Related articles
  • Mohegan Inspire soft opening scheduled for Nov 30
    Mohegan Inspire soft opening scheduled...

    Nov 24, 2023  

  • Time a new Jeju IR with a new airport: ex-minister
    Time a new Jeju IR with a new airport:...

    Nov 23, 2023  

More news
  • SOFTSWISS Jackpot Aggregator powers US$1.7bln in 3Q bets
    SOFTSWISS Jackpot Aggregator powers...

    Nov 29, 2023  

  • Miriam Adelson selling US$2bln LVS stock to buy sports team
    Miriam Adelson selling US$2bln LVS...

    Nov 29, 2023  


Latest News

SOFTSWISS Jackpot Aggregator powers US$1.7bln in 3Q bets

SOFTSWISS Jackpot Aggregator powers US$1.7bln in 3Q bets

Nov 29, 2023  

SOFTSWISS, a software provider for online casinos and bookmakers, says the amount of bets placed in jackpots powered by its Jackpot Aggregator product exceeded EUR1.50 billion (US$1.65 billion) in...
Read More
Miriam Adelson selling US$2bln LVS stock to buy sports team

Miriam Adelson selling US$2bln LVS stock to buy sports team

Nov 29, 2023  

Emperor Ent back in black with US$1.5mln interim profit

Emperor Ent back in black with US$1.5mln interim profit

Nov 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”There’s been a 20 percent or 30 percent increase in our testing staff to handle globally the amount of extra work that we’ve got, and the Philippines and Macau have definitely contributed to that overall growth”

Ian Hughes

Chief commercial officer of testing and certification firm GLI



Most Popular

  • Bruno Mars to perform at MGM Cotai in Jan: MGM ChinaBruno Mars to perform at MGM Cotai in Jan: MGM China November 28, 2023
  • Ex-exec of Saipan casino-tied firm jailed by Beijing courtEx-exec of Saipan casino-tied firm jailed by Beijing court November 27, 2023
  • Kazuo Okada properly removed from IR op: Philippine courtKazuo Okada properly removed from IR op: Philippine court November 28, 2023
  • China ents provider iQiyi in deal for Galaxy Arena eventsChina ents provider iQiyi in deal for Galaxy Arena events November 28, 2023
  • Nomura caution on China economy, China tourism in AsiaNomura caution on China economy, China tourism in Asia November 28, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us