{"id":777008954,"date":"2023-09-05T08:30:51","date_gmt":"2023-09-05T11:30:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008954"},"modified":"2026-04-22T18:23:04","modified_gmt":"2026-04-22T21:23:04","slug":"grand-korea-leisure-posts-casino-sales-of-us25-3m-for-august","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-posts-casino-sales-of-us25-3m-for-august","title":{"rendered":"Grand Korea Leisure posts casino sales of US$25.3m for August"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Grand Korea Leisure Co\u2019s casino sales were up 7.3 per cent month-on-month.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.-\u00a0<strong>Grand Korea Leisure (GKL)\u00a0<\/strong>has shared its financial results for August. The company posted casino sales of KRW33.39bn (US$25.3m). Sales were up 45.8 per cent from the prior-year period. Just over <strong>KRW14.72bn was generated by Seoul Gangnam Casino<\/strong> and KRW14.3bn by Dragon City Casino.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Table-game sales were up 8.6 per cent in month-on-month terms, from KRW27.8bn (US$2.11bn) to KRW30.19bn (US$22.9m). The figure was up 48.4 per cent when compared to last year. Machine game sales were down 3.7 per cent month-on-month but up 25.3 per cent year-on-year at KRW3.21bn (US$2.4m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the<strong>\u00a0first eight months\u00a0<\/strong>of the year, Grand Korea Leisure has reported casino sales of KRW272.56bn, a rise of 86.4 per cent compared to the same period last year. The casino firm recorded a cumulative drop of KRW2.13tn, up 107.1 per cent year-on-year. The drop in August totalled KRW293.33bn, up 50.2 per cent from a year ago and up 19.1 per cent from July. Of that, KRW199.97bn was for VIP table games, KRW65.73bn for mass table games and KRW27.63bn from slots.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the second quarter, the company reported&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-net-profit-down-60-3-in-q2\" rel=\"noreferrer noopener\">a 60.3 per cent sequential decline in net profit<\/a>&nbsp;from KRW21.60bn (US$16.3m) to KRW8.58bn (US$6.5m). Profit for the first half totalled KRW30.18bn, compared to a net loss of KRW18.77bn last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Korea Leisure Co\u2019s casino sales were up 7.3 per cent month-on-month.<\/p>\n","protected":false},"author":176,"featured_media":27875,"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 financial performance for August and the first eight months of the year, with casino sales up 45.8% year-on-year to KRW33.39bn in August and 86.4% for the cumulative period. While table game sales saw significant year-on-year growth, machine game sales experienced a slight month-on-month decline, alongside a sequential net profit decline in Q2 despite a strong first-half profit recovery.","focusai_entities":"Grand Korea Leisure, GKL, Seoul Gangnam Casino, Dragon City Casino","focusai_location":"South Korea, Seoul","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":"GGR Sustainability?","query":"What are the underlying drivers for GKL's sustained GGR growth, and are these trends projected to continue into Q4 and FY2024, considering potential macroeconomic headwinds?"},{"label":"Vertical Performance Disparity?","query":"How does GKL plan to address the month-on-month decline in machine game sales, and what strategies are in place to optimize performance across all gaming verticals to maximize NGR?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777008954","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\/777008954","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=777008954"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008954\/revisions"}],"predecessor-version":[{"id":777008983,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008954\/revisions\/777008983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}