Grand Korea Leisure Co\u2019s casino sales were up 16.7 per cent month-on-month.<\/p>\n\n\n\n\n\n\n\n
South Korea.- Grand Korea Leisure (GKL) <\/strong>has reported that casino sales grew 16.7 per cent month-on-month<\/a> in June, from KRW25.32bn to KRW29.55bn (US$22.6m). Sales were up 20.8 per cent from the prior-year period.<\/p>\n\n\n\n Table-game sales were up 21.4 per cent in month-on-month terms, from KRW21.86bn to KRW26.53bn (US$20.43m). The figure was up 19.8 per cent when compared to the previous year. Machine-game sales were down 12.9 per cent month-on-month but up 31.3 per cent year-on-year at KRW3.02bn (US$2.33m).<\/p>\n\n\n\n The casino firm recorded a drop of KRW252.15bn (US$194.16m), up 76.1 per cent year-on-year but down 12.3 per cent from May.<\/p>\n\n\n\n For the first half <\/strong>of the year, Grand Korea Leisure has reported casino sales of KRW208.03bn (US$160.18m), a rise of 119.6 per cent compared to the same period last year. Table-game sales amounted to nearly KRW189.77bn (US$146.12m), up 126.9 per cent year-on-year, and machine-game sales rose KRW18.26bn (US$14.06m), up 64.6 per cent.<\/p>\n\n\n\n The Gangnam casino<\/strong>, in the capital, Seoul, is the company’s top performer having generated sales of KRW61.23bn (US$47.15m) in sales in the first quarter and KRW50.82bn (US$39.13m) in the second.<\/p>\n\n\n\n The South Korean operator of foreigner-only casinos had posted a net profit of nearly KRW21.60bn (US$16.3m) for the first quarter of the year<\/a>, in contrast to a KRW10.78bn (US$8.1m) net loss reported for the same period last year<\/a>, and KRW8.95bn (US$6.7m) loss in the previous quarter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Grand Korea Leisure Co\u2019s casino sales were up 16.7 per cent month-on-month.<\/p>\n","protected":false},"author":176,"featured_media":22068,"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 robust year-on-year growth in casino sales for June and the first half of 2023, primarily driven by strong table-game performance. The South Korean foreigner-only casino operator also achieved a net profit in Q1, reversing prior-year and prior-quarter losses, signaling a significant operational recovery.","focusai_entities":"Grand Korea Leisure, GKL","focusai_location":"South Korea, Seoul, Gangnam","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q2 Profitability Outlook","query":"Given the strong H1 sales performance and Q1 net profit, what is the projected NGR and EBITDA margin for Grand Korea Leisure in Q2 and the remainder of FY2023, considering the reported June drop figures?"},{"label":"Foreigner-Only Market Drivers","query":"What specific inbound tourism trends or policy changes are driving the significant year-on-year recovery in GKL's foreigner-only casino segment, and how sustainable are these drivers?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777006875","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\/777006875","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=777006875"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006875\/revisions"}],"predecessor-version":[{"id":777006930,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006875\/revisions\/777006930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22068"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}