Grand Korea Leisure Co\u2019s casino sales were up 5.3 per cent month-on-month and up 8.8 per cent from the prior-year period.<\/p>\n\n\n\n\n\n\n\n
South Korea.-\u00a0Grand Korea Leisure (GKL)\u00a0<\/strong>has reported that casino sales grew 5.3 per cent\u00a0month-on-month<\/a>\u00a0in July, from KRW29.55bn (US$22.6m) to KRW31.13bn (US$24m). Sales were up 8.8 per cent from the prior-year period.<\/p>\n\n\n\n Table-game sales were up 4.8 per cent in month-on-month terms, from KRW26.53bn (US$20.43m) to KRW27.8bn (US$2.11bn). The figure was up 6.5 per cent when compared to last year. Machine-game sales were up 10.3 per cent month-on-month and up 32.1 per cent year-on-year at KRW3.33bn (US$26.1m).<\/p>\n\n\n\n For the first seven months <\/strong>of the year, Grand Korea Leisure has reported casino sales of KRW239.16bn (US$1.82bn), a rise of 93.9 per cent compared to the same period last year. The casino firm recorded a cumulative drop of KRW1.84tn (US$141.3bn), up 120.4 per cent year-on-year. The drop in July totalled KRW246.19bn (US$18.7bn), up 56.1 per cent from a year ago but down 2.4 per cent from June.<\/p>\n\n\n\n The South Korean operator of foreigner-only casinos 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 5.3 per cent month-on-month and up 8.8 per cent from the prior-year period.<\/p>\n","protected":false},"author":176,"featured_media":14825,"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 significant financial improvements in July and for the first seven months of the year, with casino sales up 5.3% month-on-month and 8.8% year-on-year. The South Korean foreigner-only casino operator also posted a net profit of KRW21.60bn in Q1, reversing a prior-year loss, driven by strong growth in both table and machine game revenues and cumulative drop.","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":"Q1 Profit Drivers","query":"What specific operational or market factors contributed to Grand Korea Leisure's significant net profit reversal in Q1, contrasting with prior losses?"},{"label":"Revenue Growth Sustainability","query":"Given the strong year-on-year growth in casino sales and drop, what is the projected sustainability of this revenue trajectory for GKL, particularly concerning the foreigner-only segment?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777007872","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\/777007872","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=777007872"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007872\/revisions"}],"predecessor-version":[{"id":777008955,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007872\/revisions\/777008955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14825"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}