S. Korea’s GKL Casino sales decline in September

S. Korea’s GKL Casino sales decline in September

GKL Casino sales decline 6% in September.

South Korea.- Gaming operator Grand Korea Leisure Co Ltd (GKL) announced a year-on-year fall in casino sales for September. The company reported a decrease of 5.7% in casino sales comparing to the same month last year – € 30,44 million.

Analysing month-on-month, it is fair to say, September casino sales declined by 24.5% in relation to August.

The reason for this accentuated difference may lay behind the 7.3% decrease in table game sales during the month of September. However, machine game sales recorded an increase of 6.7% year-on-year, to approximately € 4 million, the firm said.

The company is a subsidiary of the Korea Tourism Organization, which 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.

In addition, GKL said casino sales fell 2,3% year-in-year during the first nine months of 2019 – € 274 million. Table game sales for the period were down 3.3% to about € 239,5 million, while machine game sales increased by 5.2% to € 34 million.

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