Aug 03, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck  
Casino sales at Grand Korea Leisure Co Ltd (GKL) rose 17.0 percent month-on-month in July, to KRW28.61 billion (US$21.8 million), the firm said in a Wednesday filing to the Korea Exchange.
Judged year-on-year, the improvement was 278.0 percent. Last year, South Korea’s foreign-player-only casino sector was constrained by capacity limits and restrictions for inbound travel. In July 2021, Grand Korea Leisure had for several days to suspend operations at its Seven Luck-branded Gangnam COEX casino (pictured) in Seoul, due to a Covid-19 outbreak.
In the latest reporting month, table-game sales were KRW26.09 billion, up 17.8 percent sequentially, and up 328.5 percent year-on-year.
Machine-game sales were KRW2.52 billion, a rise of 9.6 percent month-on-month, and up 70.3 percent from July 2021.
Cumulative casino sales for the calendar year to July 31 were KRW123.35 billion, an increase of 157.7 percent year-on-year.
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 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.
Sep 04, 2023
Aug 30, 2023
Sep 21, 2023
Sep 21, 2023
Sep 21, 2023
Casino group Melco Resorts & Entertainment Ltd will take on responsibility for some new tourism and leisure elements at two waterfront heritage sites on Macau peninsula: Pier 23 and Pier 25...(Click here for more)
”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”
Akash Gupta, Shiv Kapoor and Hasira De Silva
Analysts at Fitch Ratings