{"id":777000840,"date":"2022-12-08T12:42:49","date_gmt":"2022-12-08T15:42:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777000840"},"modified":"2026-04-23T02:13:43","modified_gmt":"2026-04-23T05:13:43","slug":"grand-korea-leisure-casino-revenue-up-589-in-november","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-casino-revenue-up-589-in-november","title":{"rendered":"Grand Korea Leisure casino revenue up 589% in November"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Grand Korea Leisure revenue was KRW28.19bn (US$21.66m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.- The South Korean operator of foreigner-only casinos&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/topics\/grand-korea-leisure\" target=\"_blank\">Grand Korea Leisure<\/a>&nbsp;(GKL)&nbsp;has reported revenue of KRW28.19bn (US$21.66m) for November. That represents an increase of 589 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Table-game sales were<strong>&nbsp;KRW25.58bn (US$19.66m)<\/strong>, up 944 per cent year-on-year. Machine-game sales were up 59.2 per cent year-on-year to almost KRW2.61bn (US$2m).&nbsp;The company\u2019s&nbsp;casino revenue for the year to November stands at <strong>KRW234.62bn<\/strong> (US$180.37m), up 195.3 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the first 11 months of the year, table revenue was up 221 per cent to KRW210.54bn (US$161.86m), while machine revenue topped KRW24.07bn (US$18.5m), up 73 per cent. GKL reported a net profit of KRW4.97bn (US$3.62m) for the third quarter of the year, comparing to a net loss of KRW7.99bn&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-posts-us14-2m-in-net-profit-for-q2\" target=\"_blank\">in the previous quarter<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said it expects to strengthen marketing activities and attract overseas VIP customers in the final quarter. Its accumulated net loss in the first nine months of the year was nearly KRW13.8bn,&nbsp;a decrease of 82.5 per cent from a loss of KRW78.9bn&nbsp;in the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Korea Leisure revenue was KRW28.19bn (US$21.66m).<\/p>\n","protected":false},"author":176,"featured_media":27875,"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 substantial revenue growth for November and year-to-date, primarily driven by table-game sales. The company achieved a net profit in Q3, significantly reducing its accumulated net loss for the first nine months, and plans to intensify marketing efforts to attract overseas VIP customers in Q4.","focusai_entities":"Grand Korea Leisure, GKL","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), marketing_crm (0.85), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q4 Outlook","query":"What specific marketing channels and incentive structures is GKL planning to deploy to attract overseas VIP customers in Q4, and what is the projected impact on NGR?"},{"label":"Market Recovery Drivers","query":"Beyond the reported revenue growth, what specific market conditions or operational efficiencies contributed to GKL's return to net profitability in Q3, and are these sustainable?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777000840","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\/777000840","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=777000840"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000840\/revisions"}],"predecessor-version":[{"id":777000868,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000840\/revisions\/777000868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}