GKL’s net loss improved on year-on-year terms.<\/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 that sales grew 329.9 per cent year-on-year in the fourth quarter of 2022, reaching KRW92.75bn (US$73.1m). The figure was up 24.6 per cent when compared to the previous quarter<\/a>.<\/p>\n\n\n\n The company posted a significant improvement in its operating income in the fourth quarter of 2022, reaching KRW5.44bn (US$4.28m). The figure was up 19 per cent quarter-on-quarter.<\/p>\n\n\n\n Despite the increase in sales, the company posted a net loss of KRW8.95bn (US$7.03m) for the fourth quarter, but this was an improvement from the KRW34.36bn (US$17.19m) loss in the same quarter of the previous year. <\/p>\n\n\n\n For the full year 2022, the company reported a net loss of KRW22.74bn (US$17.90m), which was an improvement from the KRW113.27bn loss in 2021<\/a>. For January this year, GKL reported revenue<\/a> of KRW32.09bn (US$26.1m). That represents an increase of 230.2 per cent year-on-year and 5 per cent month-on-month. <\/p>\n","protected":false},"excerpt":{"rendered":" GKL’s net loss improved on year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":32939,"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 operator of foreigner-only casinos, reported significant sales growth of 329.9% year-on-year in Q4 2022, reaching KRW92.75bn. While the company still posted a net loss of KRW8.95bn for the quarter and KRW22.74bn for the full year 2022, these figures represent a substantial improvement compared to the previous periods, indicating a positive trajectory in its operational recovery.","focusai_entities":"GKL, Grand Korea Leisure","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Recovery Drivers?","query":"What specific operational or market factors are primarily driving GKL's significant year-on-year sales growth and improved net loss figures, particularly concerning inbound tourism trends and gaming vertical performance?"},{"label":"Future Profitability Outlook?","query":"Given the continued net losses despite strong revenue growth, what is GKL's projected timeline and strategy for achieving sustained profitability, and what are the key financial levers being managed to optimize NGR and operational efficiency?"}],"footnotes":""},"categories":[163,16333],"tags":[17025,23907],"class_list":["post-777002388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-grand-korea-leisure","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002388","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=777002388"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002388\/revisions"}],"predecessor-version":[{"id":777002422,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002388\/revisions\/777002422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}