{"id":21435,"date":"2021-08-12T07:08:51","date_gmt":"2021-08-12T10:08:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=21435"},"modified":"2026-04-23T16:42:42","modified_gmt":"2026-04-23T19:42:42","slug":"grand-korea-leisure-posts-a-net-loss-of-us15-5m-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-posts-a-net-loss-of-us15-5m-for-q2","title":{"rendered":"Grand Korea Leisure posts a net loss of US$15.5m for Q2"},"content":{"rendered":"\n

Grand Korea Leisure (GKL) has reported a net loss of KRW18.06bn (US$15.5m) for the second quarter of the year, while sales were up 41.8 per cent year-on-year KRW32.98bn.<\/p>\n\n\n\n\n\n\n\n

South Korea.- The South Korean operator of foreigner-only casinos\u00a0Grand Korea Leisure (GKL)<\/strong>\u00a0has reported a\u00a0net loss of KRW18.06bn (US$15.5m)<\/strong>\u00a0for the second quarter, a reduction from a net loss of about KRW37.43bn in the\u00a0first quarter.<\/a><\/p>\n\n\n\n

The casino operator saw a growth in sales to KRW32.98bn<\/strong>, up 41.8 per cent from 2020 and up 525.8 per cent quarter-on-quarter.<\/p>\n\n\n\n

GKL’s operating loss\u00a0<\/strong>for the first quarter was nearly KRW25.90bn, which compares KRW32.10bn last year.<\/p>\n\n\n\n

Last week,\u00a0the company<\/a>\u00a0reported\u00a0that casino sales declined by 48.5 per cent\u00a0<\/strong>month-on-month in July to KRW7.57bn (US$6.62m).<\/p>\n\n\n\n

In the first seven months of the current year, Grand Korea Leisure registered casino sales of KRW47.86bn<\/strong>, down 67.5 per cent year-on-year. Table games aggregate sales <\/strong>reached KRW40.30bn between January and July, down 69 per cent. Machine game sales <\/strong>were KRW7.56bn, down 56.7 per cent.<\/p>\n\n\n\n

In July,\u00a0GKL<\/a>\u00a0temporarily closed its\u00a0Seven Luck Seoul Gangnam\u00a0<\/strong>between July 20 and July 22 to carry out disinfection after a worker tested positive for Covid-19. It was also closed from July 10 to 12.<\/p>\n\n\n\n

A week before, GKL announced a snap-closure at the Seven Luck Casino Millennium Seoul<\/a>, which was closed as a \u201cpre-emptive measure\u201d aimed to avoid the spread of Covid-19 cases<\/strong> to protect the safety of customers and employees. <\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Grand Korea Leisure (GKL) has reported a net loss of KRW18.06bn (US$15.5m) for the second quarter of the year, while sales were up 41.8 per cent year-on-year KRW32.98bn.<\/p>\n","protected":false},"author":176,"featured_media":18432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Grand Korea Leisure (GKL) reported a Q2 net loss of KRW18.06bn despite a 41.8% year-on-year sales increase to KRW32.98bn. The foreigner-only casino operator experienced significant declines in casino sales for July and the first seven months of the year, exacerbated by temporary closures of its Seven Luck casinos due to COVID-19 cases.","focusai_entities":"Grand Korea Leisure, GKL, Seven Luck Seoul Gangnam, Seven Luck Casino Millennium Seoul","focusai_location":"South Korea, Seoul","focusai_target_profile":"ceo_executive (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q3 Outlook?","query":"What are the projected GGR and NGR impacts for GKL in Q3, considering the continued operational challenges and potential for further COVID-19 related closures?"},{"label":"Operational Resilience Strategy?","query":"How is GKL adapting its operational resilience strategy and governance frameworks to mitigate the ongoing impact of public health crises on its foreigner-only casino verticals?"}],"footnotes":""},"categories":[157,16338],"tags":[492,17025,23907],"class_list":["post-21435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-gkl","tag-grand-korea-leisure","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=21435"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21435\/revisions"}],"predecessor-version":[{"id":21494,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21435\/revisions\/21494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18432"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}