Grand Korea Leisure casino sales up 612.3% in Q1

Net casino sales reached KRW46.30bn in the first quarter of the year.
Net casino sales reached KRW46.30bn in the first quarter of the year.

GKL has reported that net casino sales from its three venues rocketed 612.3 per cent when compared to last year.

South Korea.- The South Korean operator of foreigner-only casinos Grand Korea Leisure (GKL) has recorded KRW46.30bn in net casino sales for Q1. The figure is up 612.3 per cent when compared to the prior-year period.

The company reported a first-quarter net loss of KRW10.80bn (US$8.5m) and an operating loss of KRW42.29bn. 

Grand Korea Leisure attributed the results to its improved VIP gaming performance and an easing in Covid-19 countermeasures. In March, the casino operator had reported one of its best months for sales since the Covid-19 pandemic began with sales of KRW29.72bn (US$24.4m).

In 2021, Grand Korea Leisure reported a net loss of KRW113.27bn (US$94.7m) and an operating loss of KRW145.83bn, compared with KRW88.81bn the previous year.

In this article:
Grand Korea Leisure