{"id":28681,"date":"2022-04-04T10:51:20","date_gmt":"2022-04-04T13:51:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28681"},"modified":"2026-04-23T09:55:13","modified_gmt":"2026-04-23T12:55:13","slug":"grand-korea-leisure-casino-sales-rocket-334-in-march","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-casino-sales-rocket-334-in-march","title":{"rendered":"Grand Korea Leisure casino sales rocket 334% in March"},"content":{"rendered":"\n<p>Grand Korea Leisure (GKL) has reported KRW29.72bn (US$24.4m) in casino sales for March.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-\u00a0<strong>Grand Korea Leisure (GKL) has\u00a0<\/strong>reported one of its best months for sales since the Covid-19 pandemic began with sales of KRW29.72bn (US$24.4m) for March. That&#8217;s an incrase of 334 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-casino-sales-down-29-6-in-february\" target=\"_blank\">when compared to February (KRW6.85bn (US$5.6m<\/a>).<\/p>\n\n\n\n<p>The company has posted sales of KRW46.29bn for the first quarter, up from KRW23.5bn in the fourth quarter of last year.\u00a0Compared with the same period in 2021, revenue was up 617 per cent year-on-year. Table game revenue rose from KRW11.36bn to KRW33.54bn while lot machine revenue increased from KRW1.33bn to KRW1.87bn.<\/p>\n\n\n\n<p>The biggest improvement in real estate came from Seoul&#8217;s Gangnam Casino, where revenue rose from KRW1.59bn to KRW22.33bn. <\/p>\n\n\n\n<p>In 2021, <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-posts-net-loss-of-us94-7m-for-2021\" target=\"_blank\">Grand Korea Leisure<\/a> <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-posts-net-loss-of-us94-7m-for-2021\" target=\"_blank\">reported a net loss of KRW113.27bn (US$94.7m)<\/a>\u00a0and an\u00a0<strong>operating loss of KRW145.83bn<\/strong>, compared with KRW88.81bn the previous year.<\/p>\n\n\n\n<p>The South Korean government <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-to-allow-quarantine-free-entry-for-fully-vaccinated-visitors\" data-type=\"URL\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-to-allow-quarantine-free-entry-for-fully-vaccinated-visitors\" target=\"_blank\">eased Covid-19 countermeasures from April 1<\/a>. The mandatory seven-day quarantine on arrival has been lifted\u00a0for those who have been fully vaccinated with three doses against Covid-19.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Korea Leisure (GKL) has reported KRW29.72bn (US$24.4m) in casino sales for March.<\/p>\n","protected":false},"author":176,"featured_media":17657,"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 robust March casino sales of KRW29.72bn (US$24.4m), marking a 334% increase from February and contributing to a strong Q1 performance. This significant revenue uplift, particularly in table games and at Gangnam Casino, coincides with the South Korean government's easing of COVID-19 travel restrictions, signaling potential for continued recovery in the foreigner-only casino segment.","focusai_entities":"Grand Korea Leisure, GKL","focusai_location":"South Korea, Seoul","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q2 Outlook?","query":"What is the projected GGR and NGR outlook for GKL in Q2, considering the full impact of eased travel restrictions and potential for increased VIP segment visitation?"},{"label":"Regional Market Impact?","query":"How do GKL's recovery metrics compare to other regional integrated resort operators, and what implications does this have for broader Asian gaming market recovery forecasts?"}],"footnotes":""},"categories":[16338,163,158],"tags":[492,17025],"class_list":["post-28681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-gkl","tag-grand-korea-leisure"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28681","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=28681"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28681\/revisions"}],"predecessor-version":[{"id":28685,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28681\/revisions\/28685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17657"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}