first 11 months <\/strong>this year totalled KRW362.4bn (US$ 276.1m), an increase of 54.5 per cent from the prior-year period. Table-game sales were KRW328.3bn (US$250m) up 55.9 per cent year-on-year, while machine-game sales were up by 41.7 per cent at KRW34.1bn (US$ 26m).<\/p>\n\n\n\nCasinos operated by GKL received 109,449 visitors in the 11-month period, with 25,681 VIP players. Premium mass players totalled 83,768, with 40,881 Chinese nationals and 29,792 Japanese nationals.<\/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’s sales were down 2.6 per cent drop compared with October.<\/p>\n","protected":false},"author":226,"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 reported a sequential decline in November 2023 casino sales to KRW27.9bn, down 2.6% from October and 1.1% year-on-year, primarily driven by decreases in both table and machine game revenues. Despite this monthly dip, the company's year-to-date casino sales for the first eleven months surged by 54.5% to KRW362.4bn, indicating robust recovery and growth over the prior year, supported by increased visitor numbers, particularly from Chinese and Japanese nationals.","focusai_entities":"Grand Korea Leisure, Korea Tourism Organization, Ministry of Culture, Sports and Tourism, Seven Luck","focusai_location":"South Korea, Seoul, Busan, Gangnam","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q4 Outlook","query":"What are the projected Q4 2023 GGR and NGR trends for Grand Korea Leisure, considering the sequential November decline against strong year-to-date growth, and how might this impact full-year profitability?"},{"label":"Player Segment Strategy","query":"How is Grand Korea Leisure adapting its marketing and operational strategies to optimize yield from the increasing premium mass and VIP segments, particularly given the significant influx of Chinese and Japanese nationals?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777011691","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\/777011691","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011691"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011691\/revisions"}],"predecessor-version":[{"id":777011696,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011691\/revisions\/777011696"}],"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=777011691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}