Grand Korea Leisure has reported a net profit of KRW21.60bn (US$16.3m) for the first quarter of the year.<\/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 shared its financial results for the first quarter of the year. It’s posted a net profit of nearly KRW21.60bn (US$16.3m), a stark contrast to the KRW10.78bn (US$8.1m) net loss reported for the same period last year<\/a>, and the KRW8.95bn (US$6.7m) loss from the previous quarter<\/a>.<\/p>\n\n\n\n Sales reached KRW109.16bn (US$82.0m)<\/strong>, an increase of 132.9 per cent year-on-year and 17.7 per cent from the previous quarter. The company reported operating income of KRW27.22bn (US$20.5m)<\/strong>, up nearly 400 per cent sequentially and up from an operating loss of KRW12.23bn (US$9.2m) in Q1 last year.<\/p>\n\n\n\n In April, the casino operator reported that monthly casino sales grew 689.9 per cent year-on-year<\/a> to KRW45.61bn (US$34m). Sales were up 17.9 per cent from March<\/a>.<\/p>\n\n\n\n Table-game sales were up 1,027.2 per cent in year-on-year terms to KRW42.22bn (US$31m). The figure was up 18 per cent when compared to the previous month. Machine-game sales rose 66.8 per cent year-on-year and 15.8 per cent month-on-month to KRW3.38bn (US$2.5m).<\/p>\n","protected":false},"excerpt":{"rendered":" Grand Korea Leisure has reported a net profit of KRW21.60bn (US$16.3m) for the first quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":18146,"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 net profit of KRW21.60bn (US$16.3m) for Q1, a significant turnaround from previous losses. This performance was driven by a 132.9% year-on-year increase in sales to KRW109.16bn, with table-game sales surging over 1,000%. The results indicate a robust recovery in the gaming vertical.","focusai_entities":"Grand Korea Leisure, GKL","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q2 Outlook","query":"What are the projected GGR and NGR trends for Grand Korea Leisure in Q2, considering the sustained growth in table-game sales and the broader recovery of international tourism to South Korea?"},{"label":"Market Share Impact","query":"How does GKL's Q1 performance impact its competitive positioning and market share within the South Korean foreigner-only casino segment, particularly against key competitors?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777005077","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\/777005077","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=777005077"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005077\/revisions"}],"predecessor-version":[{"id":777005100,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005077\/revisions\/777005100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}