Grand Korea Leisure Co’s casino sales reached KRW25.32bn (US$19.3m).<\/p>\n\n\n\n\n\n\n\n
South Korea.-\u00a0Grand Korea Leisure (GKL)\u00a0<\/strong>has reported that casino sales fell 44.5 per cent\u00a0month-on-month<\/a>\u00a0in May, from KRW45.61bn (US$34m) to KRW25.32bn (US$19.3m). Sales were up 39 per cent from the prior-year period.<\/p>\n\n\n\n Table-game sales were down 48.2 per cent when compared to the previous month, from KRW42.22bn (US$31m) to KRW21.86bn (US$16.66m). The figure was up 35.1 per cent when compared to the previous year. Machine-game sales rose 2.4 per cent month-on-month and 70.6 per cent year-on-year to KRW3.46bn (US$2.64m).<\/p>\n\n\n\n For the first five months of 2023,\u00a0Grand Korea Leisure has reported casino sales of KRW178.48bn (US$136.05m), up 154 per cent year-on-year. Table-game sales were KRW163.24bn (US$124.43m), an improvement of 165.5 per cent when compared to the previous year. Machine-game sales reached KRW15.25bn (US$11.62m), a rise of 73.3 per cent year-on-year.<\/p>\n\n\n\n The South Korean operator of foreigner-only casinos posted a net profit of nearly KRW21.60bn (US$16.3m)\u00a0for the first quarter of the year<\/a>, a stark contrast to the KRW10.78bn (US$8.1m) net loss reported\u00a0for the same period last year<\/a>, and the KRW8.95bn (US$6.7m) loss\u00a0from the previous quarter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Grand Korea Leisure Co’s casino sales reached KRW25.32bn (US$19.3m).<\/p>\n","protected":false},"author":176,"featured_media":14414,"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) reported a 44.5% month-on-month decline in casino sales for May 2023, reaching KRW25.32bn (US$19.3m), though sales were up 39% year-on-year. Table-game sales saw a significant monthly drop, while machine-game sales increased both month-on-month and year-on-year. For the first five months of 2023, GKL's casino sales surged 154% year-on-year, and the operator posted a net profit of KRW21.60bn (US$16.3m) for Q1 2023, reversing a prior-year loss.","focusai_entities":"Grand Korea Leisure, GKL","focusai_location":"South Korea","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":"May GGR Decline Factors?","query":"What specific market or operational factors contributed to the significant month-on-month GGR contraction in May, particularly for table games, despite robust year-on-year growth?"},{"label":"Machine-Game Strategy?","query":"Given the sustained year-on-year growth in machine-game sales, what strategic investments or product enhancements is GKL implementing to further capitalize on this vertical, and how does it align with their overall gaming floor optimization?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777005945","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\/777005945","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=777005945"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005945\/revisions"}],"predecessor-version":[{"id":777005982,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005945\/revisions\/777005982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14414"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}