{"id":25967,"date":"2022-01-04T06:48:39","date_gmt":"2022-01-04T09:48:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25967"},"modified":"2026-04-23T12:35:59","modified_gmt":"2026-04-23T15:35:59","slug":"grand-korea-leisure-casino-sales-down-51-8-in-2021","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-casino-sales-down-51-8-in-2021","title":{"rendered":"Grand Korea Leisure casino sales down 51.8% in 2021"},"content":{"rendered":"\n<p>Grand Korea Leisure (GKL) has reported a 51.8 per cent decline in casino sales year-on-year, from KRW186.02bn to KRW89.58bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- The South Korean operator of foreigner-only casinos\u00a0<strong>Grand Korea Leisure (GKL)<\/strong>\u00a0has shared its financial results for the year 2021 during which it posted casino sales of KRW89.58bn (US$74.9m).<\/p>\n\n\n\n<p>The figure was down 51.8 per cent when compared to the previous year and although the company didn&#8217;t explain the reasons for the decline, casinos were deeply affected by the Covid-19 pandemic and the lack of tourists.<\/p>\n\n\n\n<p><strong>Table game sales\u00a0<\/strong>were down 54.1 per cent year-on-year to KRW74.43bn while <strong>machine game sales were down 36.8 per cent<\/strong>\u00a0year-on-year to KRW15.24bn.<\/p>\n\n\n\n<p>However,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-revenue-down-55-9-in-november\" rel=\"noreferrer noopener\">when compared to the previous month<\/a>, GKL casino sales were up 147.7 per cent from KRW4.1bn (US$3.5m) to KRW10.14bn.<\/p>\n\n\n\n<p>As regards to GKL table sales for December, the figure was up 258.9 per cent from KRW7.67bn to KRW8.79bn while machine game sales declined 18.3 per cent from KRW1.60bn to KRW1.34bn.<\/p>\n\n\n\n<p>It\u2019s previously been reported that&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korean-casinos-get-grace-period-on-payment-of-tourism-fees\" rel=\"noreferrer noopener\">some casinos in South Korea<\/a><strong>&nbsp;<\/strong>have been allowed to delay the payment of some Tourism Promotion and Development Fund fees until June 2022 due to the difficulties the industry continues to face due to the Covid-19 pandemic.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Korea Leisure (GKL) has reported a 51.8 per cent decline in casino sales year-on-year, from KRW186.02bn to KRW89.58bn.<\/p>\n","protected":false},"author":176,"featured_media":21849,"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 51.8% year-on-year decline in 2021 casino sales to KRW89.58bn, primarily attributed to the COVID-19 pandemic's impact on tourism. Despite this annual downturn, December 2021 saw a significant 147.7% month-on-month increase in sales, indicating a potential recovery trajectory, while some South Korean casinos received regulatory deferrals on Tourism Promotion and Development Fund fees.","focusai_entities":"Grand Korea Leisure (GKL)","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Recovery Outlook?","query":"What is GKL's projected GGR recovery trajectory for H1 2022, considering the December 2021 month-on-month uplift and potential easing of international travel restrictions?"},{"label":"Regulatory Support Impact?","query":"How significant are the Tourism Promotion and Development Fund fee deferrals for GKL's short-term liquidity and operational sustainability, and are further regulatory interventions anticipated?"}],"footnotes":""},"categories":[157,16338],"tags":[492,17025],"class_list":["post-25967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-gkl","tag-grand-korea-leisure"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25967","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=25967"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25967\/revisions"}],"predecessor-version":[{"id":25985,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25967\/revisions\/25985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21849"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}