{"id":32318,"date":"2022-08-03T02:37:46","date_gmt":"2022-08-03T05:37:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32318"},"modified":"2026-04-23T06:18:18","modified_gmt":"2026-04-23T09:18:18","slug":"grand-korea-leisure-casino-sales-up-17-in-july","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-casino-sales-up-17-in-july","title":{"rendered":"Grand Korea Leisure casino sales up 17% in July"},"content":{"rendered":"\n<p>Grand Korea Leisure has reported casino sales of KRW28.61bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-\u00a0<strong>Grand Korea Leisure (GKL)\u00a0<\/strong>has shared its financial results for July. Casino sales increased 17 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-casino-sales-up-34-3-in-june\" target=\"_blank\">month-on-month<\/a>\u00a0from KRW24.45bn to KRW28.61bn (US$21.8m). Year-on-year, sales were up 278 per cent.<\/p>\n\n\n\n<p>GKL reported that<strong>\u00a0table game revenue was up 17.8 per cent month-on-month<\/strong>\u00a0and 328.5 per cent year-on-year at KRW26.09bn. Machine game sales were up 9.6 per cent and 70.3 per cent year-on-year at KRW2.52bn.<\/p>\n\n\n\n<p>Casino sales for the\u00a0<strong>first seven months of 2022\u00a0<\/strong>combined stand at KRW123.35bn, up 157.7 per cent when compared to last year. In 2021,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-posts-net-loss-of-us94-7m-for-2021\" target=\"_blank\">the casino operator<\/a>\u00a0reported a net loss of KRW113.27bn (US$94.7m), up 76.1 per cent when compared to the KRW64.3bn loss registered in 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">South Korea reintroduces Covid-19 test requirements<\/h2>\n\n\n\n<p>The government of South Korea has decided to tighten its entry requirements due to an increase in Covid-19 cases. Since July 25, visitors need to produce a negative Cpvid-19 test result issued within 24 hours before boarding a flight.<\/p>\n\n\n\n<p><strong>The Central Disease Control Headquarters (CDC)&nbsp;<\/strong>said guidelines may be further adjusted based on the circumstances of the Covid-19 pandemic. In June, the country <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-to-reopen-its-borders-from-june-1\" target=\"_blank\">resumed issuing short-term tourist visas<\/a>&nbsp;for individual tourists and tour groups after inbound tourism was halted at the height of the Covid-19 epidemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Korea Leisure has reported casino sales of KRW28.61bn.<\/p>\n","protected":false},"author":176,"featured_media":14825,"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 casino sales of KRW28.61bn in July, marking a 17% month-on-month and 278% year-on-year increase, driven by strong performance across both table and machine gaming verticals. This positive financial trajectory for the foreigner-only casino operator occurs as South Korea reinstates stricter COVID-19 entry protocols, which could influence future inbound tourism and GKL's operational outlook. The company had previously recorded a significant net loss in 2021.","focusai_entities":"Grand Korea Leisure, Central Disease Control Headquarters","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q3 Outlook","query":"Given the reintroduction of COVID-19 testing requirements in South Korea, what is the projected impact on Grand Korea Leisure's Q3 2022 GGR and NGR, particularly concerning VIP segment visitation and overall inbound tourism volumes?"},{"label":"Market Recovery Drivers","query":"Beyond the reported monthly and annual growth, what specific market recovery drivers, such as source market diversification or enhanced marketing initiatives, are contributing to GKL's improved performance, and how sustainable are these trends given evolving travel restrictions?"}],"footnotes":""},"categories":[16338,163,158],"tags":[492,17025],"class_list":["post-32318","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\/32318","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=32318"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32318\/revisions"}],"predecessor-version":[{"id":32342,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32318\/revisions\/32342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14825"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}