• 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 May casino sales decline 3pct

Jun 10, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck  


S. Korea’s GKL May casino sales decline 3pct

South Korean gaming operator Grand Korea Leisure Co Ltd (GKL) posted a year-on-year decline in casino sales for May, the firm announced on Friday. The company reported casino sales of KRW39.43 billion (US$33.3 million) for that month, down 2.9 percent from the prior-year period.

Judged month-on-month, May casino sales remained flat compared to April.

The year-on-year decline in casino sales was due to a 5.1-percent decrease in table game sales during the month of May, to nearly KRW33.76 billion. Machine game sales recorded an increase of 13.3 percent year-on-year, to approximately KRW5.67 billion, the firm said in a filing to the Korea Exchange.

GKL’s May results contrast with the latest sales reported by market rival Paradise Co Ltd. The latter company said on Tuesday that its casino revenue rose by 18.5 percent year-on-year in May, to more than KRW61.43 billion.

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 five months of 2019 fell by 7.4 percent year-on-year, to approximately KRW187.04 billion.

Table game sales for the period were down 8.6 percent to about KRW162.50 billion, while machine game sales stayed flat at KRW24.53 billion.

GKL said last month that its first-quarter net income halved to just under KRW8.46 billion. The firm stated first-quarter sales slipped by 10.5 percent year on-year.


  • tweet
Related articles
  • Shinhwa World to add condos, villas amid recovery: exec
    Shinhwa World to add condos, villas...

    May 26, 2022  

  • Foreign tourists can get S.Korean peninsula visa from June 1
    Foreign tourists can get S.Korean...

    May 20, 2022  

More news
  • Alvin Chau indicted for illegal gaming, money laundering
    Alvin Chau indicted for illegal gaming,...

    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

Alvin Chau indicted for illegal gaming, money laundering

Alvin Chau indicted for illegal gaming, money laundering

May 26, 2022  

Macau’s Public Prosecutions Office has indicted Alvin Chau Cheok Wa (pictured in a file photo), former boss of Macau casino junket Suncity Group, with illegal gaming, criminal association, fraud,...
Read More
Shinhwa World to add condos, villas amid recovery: exec

Shinhwa World to add condos, villas amid recovery: exec

May 26, 2022  

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  

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
  • Alvin Chau indicted for illegal gaming, money launderingAlvin Chau indicted for illegal gaming, money laundering May 26, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us