Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, saw its January casino revenue fall 4.1 percent compared to December.
Such revenue was just under KRW9.72 billion (US$8.1 million) versus about KRW10.14 billion in the final month of 2021.
A year-on-year comparison for January was not possible. Operations at the group’s venues had been temporarily suspended from November 24, 2020 as a Covid-19 countermeasure, and the pause had been extended throughout the whole of January 2021 and beyond.
The casino-operating entity runs three foreigner-only casinos in South Korea under the Seven Luck brand: two in the capital Seoul, and one in the southern port city of Busan (pictured).
GKL’s table game sales for January this year slipped 7.5 percent month-on-month to KRW8.13 billion.
Machine-game sales for January rose by 18.0 percent relative to December, to KRW1.58 billion.
Grand Korea Leisure is a subsidiary of the Korea Tourism Organization, which in turn is affiliated to the Ministry of Culture, Sports and Tourism.
The country’s 16 foreigner-only casinos saw a near 32-percent decline in 2021 revenue relative to 2020, according to preliminary data released recently by the same ministry.
Sep 26, 2023The 2024 edition of the Global Gaming Expo (G2E) Asia casino trade event is to be held in Macau, according to a Tuesday press release. There will not be a G2E Asia event in Singapore next year, the...
Sep 26, 2023
Maximum aggregate number of licensed gaming promoters – also known as ‘junkets’ – that Macau's casino operators will be able to work with in 2024