Casino net sales grew 159.6 per cent year-on-year to KRW171.6bn.<\/p>\n\n\n\n\n\n\n\n
South Korea.- The South Korean operator of foreigner-only casinos Grand Korea Leisure (GKL) <\/strong>has reported a net profit of KRW4.97bn (US$3.62m) for Q3. That compares to a net loss of KRW7.99bn in the previous quarter<\/a>.<\/p>\n\n\n\n The company posted an operating profit of KRW4.58bn<\/strong> versus an operating loss of KRW10.71bn in the previous quarter and an operating loss of KRW31bn in the third quarter of last year. Casino net sales rose 159.6 per cent <\/strong>year-on-year to KRW171.6bn.<\/p>\n\n\n\n Visitor numbers in Q3 reached 273,684, most of whom were identified as customers in the mass gaming segment. The company does not clarify whether the count represents unique visitors, but the figure was up 62.3 per cent year-on-year.<\/p>\n\n\n\n The company stated it expects to attract overseas VIP customers and strengthen marketing activities in the final quarter of this year. Its accumulated net loss in the first nine months of the year was nearly KRW13.8bn, a decrease of 82.5 per cent from the loss of KRW78.9bn <\/strong>in the same period last year.<\/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":" Casino net sales grew 159.6 per cent year-on-year to KRW171.6bn.<\/p>\n","protected":false},"author":176,"featured_media":17419,"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), a South Korean foreigner-only casino operator, reported a significant financial turnaround in Q3, achieving a net profit of KRW4.97bn compared to previous losses. This recovery was driven by a 159.6% year-on-year increase in casino net sales to KRW171.6bn and a 62.3% rise in visitor numbers, predominantly from the mass gaming segment. The company plans to enhance marketing efforts to attract overseas VIP customers in the upcoming quarter.","focusai_entities":"Grand Korea Leisure, GKL","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.98), marketing_crm (0.85), investor_analyst (0.99), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Customer Strategy","query":"What specific marketing channels and incentive programs will GKL deploy to attract overseas VIP customers, and what is the projected impact on NGR contribution from this segment?"},{"label":"Mass Gaming Growth Drivers","query":"Beyond general market recovery, what specific operational or market-specific factors contributed to the significant increase in mass gaming visitor numbers, and how sustainable is this growth trajectory?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-35289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-grand-korea-leisure"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35289","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=35289"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35289\/revisions"}],"predecessor-version":[{"id":35317,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35289\/revisions\/35317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17419"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}