{"id":777011014,"date":"2023-11-10T03:48:58","date_gmt":"2023-11-10T06:48:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011014"},"modified":"2026-04-22T16:19:28","modified_gmt":"2026-04-22T19:19:28","slug":"grand-korea-leisure-net-profit-up-39-3-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-net-profit-up-39-3-in-q3","title":{"rendered":"Grand Korea Leisure net profit up 39.3% in Q3"},"content":{"rendered":"\n<p>Grand Korea Leisure has reported net profit of KRW11.96bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-&nbsp;<strong>Grand Korea Leisure (GKL)&nbsp;<\/strong>has shared its financial results for the third quarter of the year. The operator of exclusive foreigner-only casinos in South Korea reported a 39.3 per cent&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-net-profit-down-60-3-in-q2\" rel=\"noreferrer noopener\">sequential increase<\/a>&nbsp;in net profit attributable to shareholders and a year-on-year increase of 140.6 per cent.<\/p>\n\n\n\n<p>Net profit for the three months ending September 30 reached nearly KRW11.96bn (US$9.1m), compared to KRW8.58bn (US$6.5m) in the second quarter. In the first nine months of 2023, <strong>the casino operator witnessed a net profit of KRW42.14bn (US$32.2m)<\/strong>, a shift from the net loss of KRW13.80bn in the same period last year.<\/p>\n\n\n\n<p>GKL operates three foreigner-only casinos under the Seven Luck brand, located in Seoul and Busan. While third-quarter sales slightly dipped by 3.6 per cent sequentially to KRW96.59bn (US$73.9m), they surged by 29.8 per cent year-on-year.<\/p>\n\n\n\n<p>In a separate presentation, GKL reported casino net sales for July to September of KRW305.9bn, a 78.3 per cent increase compared to the previous year.\u00a0The casino drop for the third quarter rose by 5.8 per cent sequentially to KRW310.22bn. <\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-posts-casino-sales-of-us21-49m-for-october\" rel=\"noreferrer noopener\">Grand Korea Leisure posts casino sales of US$21.49m for October<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Korea Leisure has reported net profit of KRW11.96bn.<\/p>\n","protected":false},"author":176,"featured_media":21849,"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 significant increase in Q3 net profit, reaching KRW11.96bn, a 39.3% sequential and 140.6% year-on-year rise, reversing a prior-year net loss. The operator of foreigner-only casinos in South Korea saw Q3 sales dip sequentially but surge 29.8% year-on-year, with casino drop also increasing.","focusai_entities":"Grand Korea Leisure, GKL, Seven Luck","focusai_location":"South Korea, Seoul, Busan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q4 Outlook","query":"What are the projected Q4 2023 GGR and NGR forecasts for Grand Korea Leisure, considering the sequential dip in Q3 sales despite strong year-on-year growth, and what factors are expected to drive or hinder this performance?"},{"label":"Market Recovery Drivers","query":"Beyond the reported financial metrics, what specific inbound tourism trends, marketing initiatives, or operational efficiencies contributed most significantly to GKL's substantial year-on-year net profit recovery and increased casino drop?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777011014","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\/777011014","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=777011014"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011014\/revisions"}],"predecessor-version":[{"id":777040987,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011014\/revisions\/777040987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21849"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}