compared to the previous month<\/a>\u00a0and down 17.7 per cent year-on-year.<\/p>\n\n\n\nThis decline was primarily due to reduced table revenue, which stood at KRW25.53bn (US$19.16m), reflecting a 21 per cent decrease compared to last year and a 15.2 per cent decrease on a monthly basis. Machine game sales reached KRW3.11bn (US$2.33m), down 2.7 per cent month-on-month but up 24.3 per cent from last year.<\/p>\n\n\n\n
The overall table drop fell 19 per cent year-on-year to KRW310.84bn (US$233.3m), a slight 0.2 per cent monthly uptick. For the first ten months of the year, Grand Korea Leisure has reported casino sales of KRW334.51bn (US$251.07m), a rise of 62.1 per cent compared to the same period last year.\u00a0<\/p>\n\n\n\n
Table revenue witnessed a 64 per cent annual increase, reaching KRW 303.4bn (US$227.67m), while gaming machines generated a 44.9 per cent growth, reaching KRW31.11bn (US$23.34m). The table drop for the ten-month period was up 85.6 per cent at KRW2.75tn (US$2.06bn).<\/p>\n\n\n\n
GKL operates\u00a0three foreigner-only casinos\u00a0under the Seven Luck brand. Two are situated in the capital, Seoul (including one in Gangnam), and the other in the southeastern port city of Busan.\u00a0The company operates as a subsidiary of the Korea Tourism Organization, which is affiliated with the Ministry of Culture, Sports, and Tourism.<\/p>\n","protected":false},"excerpt":{"rendered":"
Grand Korea Leisure Co\u2019s casino sales were down 14 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 a 14% month-on-month and 17.7% year-on-year decline in October casino sales, primarily driven by reduced table revenue. Despite this, the company's year-to-date casino sales for the first ten months of 2023 show a robust 62.1% increase compared to the previous year, indicating strong recovery and growth over a longer horizon. GKL operates foreigner-only casinos in South Korea and is a subsidiary of the Korea Tourism Organization.","focusai_entities":"Grand Korea Leisure (GKL), Korea Tourism Organization, Ministry of Culture, Sports, and Tourism","focusai_location":"South Korea, Seoul, Gangnam, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"October GGR Drivers?","query":"What specific market conditions or operational factors contributed to the significant month-on-month decline in GKL's October GGR, particularly in table revenue, despite a strong year-to-date performance?"},{"label":"Future Growth Outlook?","query":"Given the robust 62.1% year-to-date GGR growth, what are GKL's projected operational strategies and market outlook for sustaining this recovery trajectory amidst monthly fluctuations, especially concerning VIP segment performance?"}],"footnotes":""},"categories":[16338,163],"tags":[17025,23907],"class_list":["post-777010832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-grand-korea-leisure","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010832","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=777010832"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010832\/revisions"}],"predecessor-version":[{"id":777041026,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010832\/revisions\/777041026"}],"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=777010832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}