South Korean casino operator reports a 6.9 percent decrease in annual profit in 2019<\/p>\n\n\n\n\n\n\n\n
South Korea.- South Korean casino operator Grand Korea Leisure<\/strong><\/em> saw profits tumble 6.9 percent to KRW72.4 billion (\u20ac56 million) in 2019.<\/p>\n\n\n\n In a regulatory filing, the company said it posted KRW 96.8 billion (\u20ac74.9 million) in operating profit for the year, while annual revenues rose 2.2 percent to KRW490.8 billion (\u20ac379 million) .<\/p>\n\n\n\n However, the casino operator said it had a strong fourth-quarter, with net income up 167.5 percent year-on-year, while revenues rose 17 percent. <\/p>\n\n\n\n Grand Korea Leisure operates the Seven Luck foreigner-only casino in Gangnam Seoul, the Gangbuk Millennium Seoul Hilton and another property in Busan Lotte.<\/p>\n","protected":false},"excerpt":{"rendered":" South Korean casino operator reports a 6.9 percent decrease in annual profit in 2019<\/p>\n","protected":false},"author":2,"featured_media":3399,"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 reported a 6.9% decrease in annual profit for 2019, reaching KRW72.4 billion, despite a 2.2% rise in annual revenues to KRW490.8 billion. The South Korean casino operator, known for its foreigner-only Seven Luck casinos, experienced a strong fourth quarter with net income up 167.5% and revenues up 17% year-on-year.","focusai_entities":"Grand Korea Leisure, Seven Luck","focusai_location":"South Korea, Seoul, Gangnam, Busan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 Rebound Drivers?","query":"What specific operational or market factors contributed to Grand Korea Leisure's significant Q4 2019 revenue and net income rebound, contrasting with the full-year profit decline?"},{"label":"Foreigner-Only Market?","query":"How does Grand Korea Leisure's 2019 performance reflect the broader trends and competitive landscape within South Korea's foreigner-only casino market segment?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[29,152],"class_list":["post-3396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-casino","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3396","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3396"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3396\/revisions"}],"predecessor-version":[{"id":777008712,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3396\/revisions\/777008712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3399"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}