• 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

Grand Korea’s January casino sales down 4pct m-o-m

Feb 04, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck  


Grand Korea’s January casino sales down 4pct m-o-m

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.


  • tweet
Related articles
  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  

  • Casino firm Paradise Co slips to negative EBITDA in 1Q
    Casino firm Paradise Co slips to...

    May 12, 2022  

More news
  • Shinhwa World to add condos, villas amid recovery: exec
    Shinhwa World to add condos, villas...

    May 26, 2022  

  • Marina Bay Sands to hire up to 2,000 workers: firm
    Marina Bay Sands to hire up to 2,000...

    May 26, 2022  


Latest News

Shinhwa World to add condos, villas amid recovery: exec

Shinhwa World to add condos, villas amid recovery: exec

May 26, 2022  

Jeju Shinhwa World, a leisure complex with a foreigner-only gaming venue called Landing Casino, on the South Korean holiday island of Jeju, aims to add 100 more units of ‘Somerset’-branded...
Read More
Marina Bay Sands to hire up to 2,000 workers: firm

Marina Bay Sands to hire up to 2,000 workers: firm

May 26, 2022  

Macau satellites seek biz model leeway, says Ponte 16 boss

Macau satellites seek biz model leeway, says Ponte 16 boss

May 26, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


540,430

Visitors arrivals to Singapore in the first four months of 2022



Most Popular

  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Macau op debt to hit US$25bln unless travel eased 2H: MSMacau op debt to hit US$25bln unless travel eased 2H: MS May 24, 2022
  • Outbound group tours still paused: China immigrationOutbound group tours still paused: China immigration May 24, 2022
  • Macau GGR tax cut idea tied to China outlook: brokerageMacau GGR tax cut idea tied to China outlook: brokerage May 23, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us