• 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 October casino sales up 1pct

Nov 07, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck  


S. Korea’s GKL October casino sales up 1pct

South Korean gaming operator Grand Korea Leisure Co Ltd (GKL) says its casino sales for October rose by 1.0 percent year-on-year, to nearly KRW36.45 billion (US$31.4 million).

Judged month-on-month, October casino sales declined by 8.9 percent compared to September, according to a Wednesday filing.

The year-on-year increase in casino sales was due to a 3.8-percent rise in table game sales during the month of October, to about KRW32.61 billion. Machine game sales declined by 18.1 percent year-on-year, to approximately KRW3.84 billion, the firm said in the filing to the Korea Exchange.

No commentary on the reasons for revenue fluctuations is given in the company’s monthly updates.

GKL’s October results contrast with the latest monthly sales reported by market rival Paradise Co Ltd. The latter company said on Monday that its casino revenue grew to approximately KRW80.90 billion in October, 11.0 percent more than one month earlier and 15.4 percent more than at the same stage last year.

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 10 months of 2019 fell by 2.0 percent year-on-year, to just below KRW396.58 billion.

Table game sales for the period were down 2.7 percent to about KRW347.71 billion, while machine game sales increased by 2.9 percent to KRW48.88 billion.

GKL said in August that its second-quarter net profit fell by 26.2 percent in year-on-year terms to just over KRW20.05 billion. The firm stated second-quarter sales grew by 1 percent year-on-year to KRW117.36 billion.


  • tweet
Related articles
  • S.Korea Daegu Casino fined US$776k for AML breaches 
    S.Korea Daegu Casino fined US$776k...

    Sep 29, 2023  

  • Construction of RFKR Resort in South Korea still paused
    Construction of RFKR Resort in South...

    Sep 28, 2023  

More news
  • Macau September GGR down 13pct on August: govt
    Macau September GGR down 13pct...

    Oct 01, 2023  

  • Sands China to revitalise firecracker factory, old streets
    Sands China to revitalise firecracker...

    Sep 29, 2023  


Latest News

Macau September GGR down 13pct on August: govt

Macau September GGR down 13pct on August: govt

Oct 01, 2023  

Macau’s September casino gross gaming revenue (GGR) fell by 13.2 percent month-on-month, to MOP14.94 billion (US$1.85 billion), according to a Sunday announcement from the local regulator, the...
Read More
Sands China to revitalise firecracker factory, old streets

Sands China to revitalise firecracker factory, old streets

Sep 29, 2023  

Bloomberry aims to raise up to US$99mln via share sale

Bloomberry aims to raise up to US$99mln via share sale

Sep 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The Philippines has been the primary growth driver, but really the broader Asian gaming industry is something that’s really important to us”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • Macau September GGR down 13pct on August: govtMacau September GGR down 13pct on August: govt October 1, 2023
  • Sands China to revitalise firecracker factory, old streetsSands China to revitalise firecracker factory, old streets September 29, 2023
  • S.Korea Daegu Casino fined US$776k for AML breaches S.Korea Daegu Casino fined US$776k for AML breaches  September 29, 2023
  • Light & Wonder to expand facilities in the Philippines: CEOLight & Wonder to expand facilities in the Philippines:… September 29, 2023
  • Any Macau clamp on money changing may hurt GGR: punditsAny Macau clamp on money changing may hurt GGR: pundits September 25, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us