GKL has reported that net casino sales from its three venues rocketed 612.3 per cent when compared to last year.<\/p>\n\n\n\n\n\n\n\n
South Korea.- The South Korean operator of foreigner-only casinos\u00a0Grand Korea Leisure (GKL)\u00a0<\/strong>has recorded KRW46.30bn in net casino sales for Q1. The figure is up 612.3 per cent when compared to the prior-year period.<\/p>\n\n\n\n The company reported a first-quarter net loss of KRW10.80bn (US$8.5m) and an operating loss of KRW42.29bn.\u00a0<\/p>\n\n\n\n Grand Korea Leisure attributed the results to its improved VIP gaming performance and an\u00a0easing in Covid-19 countermeasures<\/a>. In March, the casino operator had reported\u00a0one of its best months for sales<\/a>\u00a0since the Covid-19 pandemic began with sales of KRW29.72bn (US$24.4m). <\/p>\n\n\n\n In 2021, Grand Korea Leisure<\/a> reported a net loss of KRW113.27bn (US$94.7m)<\/a> and an operating loss of KRW145.83bn<\/strong>, compared with KRW88.81bn the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":" GKL has reported that net casino sales from its three venues rocketed 612.3 per cent when compared to last year.<\/p>\n","protected":false},"author":176,"featured_media":19868,"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 significant 612.3% year-on-year increase in Q1 net casino sales to KRW46.30bn, driven by improved VIP gaming performance and eased Covid-19 restrictions. Despite this revenue growth, the South Korean operator recorded a Q1 net loss of KRW10.80bn and an operating loss of KRW42.29bn, indicating ongoing recovery challenges from prior-year pandemic impacts.","focusai_entities":"Grand Korea Leisure, GKL","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Profitability Path","query":"What is GKL's revised guidance for achieving positive EBITDA and net profit, considering the significant Q1 GGR growth against persistent operating losses, and what capital allocation strategies are prioritized?"},{"label":"VIP Segment Drivers","query":"Beyond the easing of COVID-19 measures, what specific marketing, loyalty, or junket-related initiatives contributed to the reported improvement in GKL's VIP gaming performance, and what are the long-term projections for this segment's contribution to NGR?"}],"footnotes":""},"categories":[16338,163,158],"tags":[17025],"class_list":["post-29782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-grand-korea-leisure"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29782","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=29782"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29782\/revisions"}],"predecessor-version":[{"id":29793,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29782\/revisions\/29793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19868"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}