{"id":22289,"date":"2021-09-03T13:34:54","date_gmt":"2021-09-03T16:34:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22289"},"modified":"2026-04-23T15:59:55","modified_gmt":"2026-04-23T18:59:55","slug":"grand-korea-leisure-posts-casino-sales-of-us7-6m-in-august","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-posts-casino-sales-of-us7-6m-in-august","title":{"rendered":"Grand Korea Leisure posts casino sales of US$7.6m in August"},"content":{"rendered":"\n

Grand Korea Leisure (GKL) has reported KRW8.80bn (US$7.6m) in casino sales for August, up 16.3 per cent when compared to the previous month.<\/p>\n\n\n\n\n\n\n\n

South Korea.- The South Korean operator of foreigner-only casinos Grand Korea Leisure (GKL)<\/strong> has reported that casino sales were up <\/strong>16.3 per cent when compared to the previous month, from KRW7.57bn (US$6.62m) to KRW8.80bn (US$7.6m). <\/p>\n\n\n\n

Despite the rise when compared to July, sales were down 31 per cent year-on-year from KRW12.76bn.<\/p>\n\n\n\n

Table games <\/strong>reached KRW7.2bn, up 18.4 per cent from July and down 34.7 per cent year-on-year. Machine game sales were up 7.8 per cent<\/strong> month-on-month to KRW1.60bn (down 7.3 per cent year-on-year).<\/p>\n\n\n\n

Grand Korea Leisure has registered KRW56.66bn in casino sales for the first eight months of the year, down 64.6 per cent year-on-year. Table games aggregate sales <\/strong>reached KRW47.51bn between January and August, down 66.3 per cent. Machine game sales <\/strong>were KRW9.16bn, down 52.2 per cent.<\/p>\n\n\n\n

GKL posts net loss of US$15.5m for second quarter <\/h2>\n\n\n\n

GKL reported a net loss of KRW18.06bn (US$15.5m)<\/strong> for the second quarter, a reduction from a net loss of about KRW37.43bn in the first quarter.<\/a> 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\u2019s operating loss <\/strong>for the first quarter was nearly KRW25.90bn, which compares KRW32.10bn last year.<\/p>\n\n\n\n

Kim Young-San appointed as GKL CEO<\/h2>\n\n\n\n

GKL <\/strong>has announced the appointment of Kim Young-San as CEO and chairman of the board.<\/strong> Kim Young-San<\/strong>, who has served as vice-chairman of the Korea Casino Association since 2019, will replace <\/strong>Yoo Tae-Yeol <\/strong>for a three-year term.<\/p>\n\n\n\n

The new CEO was director of the Culture and Arts Policy Office and of the Planning and Coordination Office <\/strong>from 2016 to 2019. He was appointed after recommendations from the Minister of Culture, Sports and Tourism.<\/p>\n","protected":false},"excerpt":{"rendered":"

Grand Korea Leisure (GKL) has reported KRW8.80bn (US$7.6m) in casino sales for August, up 16.3 per cent when compared to the previous month.<\/p>\n","protected":false},"author":176,"featured_media":5291,"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), a South Korean foreigner-only casino operator, reported an 16.3% month-on-month increase in August casino sales to KRW8.80bn, though year-on-year sales remained significantly down. The company also posted a reduced net loss of KRW18.06bn for Q2 and announced the appointment of Kim Young-San as its new CEO and Chairman.","focusai_entities":"Grand Korea Leisure, GKL, Kim Young-San, Yoo Tae-Yeol, Korea Casino Association, Minister of Culture, Sports and Tourism","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL's Q3 GGR Outlook?","query":"Given the 16.3% MoM increase in August GGR but significant YoY decline, what is the projected GGR trajectory for GKL in Q3, and what are the key drivers or headwinds impacting this forecast?"},{"label":"New CEO Strategic Impact?","query":"How might Kim Young-San's prior experience with the Korea Casino Association and government recommendations influence GKL's strategic direction, particularly regarding market expansion, regulatory engagement, or operational efficiency under the new governance framework?"}],"footnotes":""},"categories":[16338,163],"tags":[492,17025,23907],"class_list":["post-22289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-gkl","tag-grand-korea-leisure","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22289","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=22289"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22289\/revisions"}],"predecessor-version":[{"id":22321,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22289\/revisions\/22321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/5291"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}