• 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

S. Korea’s GKL August casino sales up 22pct

Sep 13, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


S. Korea’s GKL August casino sales up 22pct

South Korean casino operator Grand Korea Leisure Co Ltd (GKL) posted strong sales in August. The company on Wednesday reported casino sales of approximately KRW50.7 billion (US$45.3 million) for that month, up 21.8 percent from the prior-year period.

Judged month-on-month, August casino sales rose 37.4 percent compared to July.

The year-on-year increase in casino sales was sustained by a 26.8 percent rise in table game sales during the month of August, to nearly KRW46.0 billion. Machine game sales however declined by 12.0 percent year-on-year to about KRW4.7 billion, the firm said in a filing to the Korea Exchange.

GKL 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 and one in the southern port city of Busan.

The company said casino sales for the first eight months of 2018 grew by 1.9 percent year-on-year, to approximately KRW326.4 billion.

Table game sales for the January to August period rose by 4.8 percent from the prior-year period to about KRW288.4 billion. Machine game sales declined 16.2 percent in the eight months to August 31, to nearly KRW37.8 billion.

The casino operator saw its second-quarter net income increase by 76.2 percent year-on-year to approximately KRW27.2 billion. The firm did not provide any reason for the sharp increase in its quarterly results.


  • tweet
Related articles
  • S.Korea casino op GKL’s January sales up 230pct y-o-y
    S.Korea casino op GKL’s January...

    Feb 03, 2023  

  • Paradise Co January casino revenue jumps  y-o-y
    Paradise Co January casino revenue...

    Feb 02, 2023  

More news
  • Return of tours good for mass floor traffic: observers
    Return of tours good for mass floor...

    Feb 03, 2023  

  • Aristocrat completes acquisition of Roxor Gaming
    Aristocrat completes acquisition...

    Feb 03, 2023  


Latest News

Return of tours good for mass floor traffic: observers

Return of tours good for mass floor traffic: observers

Feb 03, 2023  

The imminent return of package tours from mainland China will not only help boost Macau’s tourism businesses, but is also expected to help casinos gain more foot traffic in their mass gaming...
Read More
S.Korea casino op GKL’s January sales up 230pct y-o-y

S.Korea casino op GKL’s January sales up 230pct y-o-y

Feb 03, 2023  

Aristocrat completes acquisition of Roxor Gaming

Aristocrat completes acquisition of Roxor Gaming

Feb 03, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are confident that the Philippine gaming sector will be able to fully recover, or even surpass its pre-pandemic earnings soon”

Alejandro Tengco

Chairman and chief executive of Pagcor



Most Popular

  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Mainland tour groups to Macau to resume Feb 6: govtMainland tour groups to Macau to resume Feb 6: govt February 3, 2023
  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Aruze Gaming America opts financial rejig after legal matterAruze Gaming America opts financial rejig after legal matter February 2, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us