Grand Korea Leisure posted casino sales of KRW19.59bn (US$14.8m).<\/p>\n\n\n\n\n\n\n\n
South Korea.- Grand Korea Leisure (GKL) <\/strong>has shared its financial results for the month of January. The company posted casino sales of KRW19.59bn (US$14.8m). That\u2019s a 43.9 per cent decrease compared to the previous month<\/a> and down 38.9 per cent year-on-year.<\/p>\n\n\n\n Table-game revenue was KRW16.51bn, down 43.2 per cent year-on-year and down 48.4 per cent in month-on-month terms. Machine game sales were up by 3.6 per cent sequentially at KRW3.09bn. When compared to the previous year, the figure was up 2.3 per cent.<\/p>\n\n\n\n The overall table drop fell 17.7 per cent when compared to the previous month to KRW303.33bn. It was up 11.3 per cent in year-on-year terms.<\/p>\n\n\n\n For full-year 2023,\u00a0GKL posted casino sales of KRW265.16bn (US$207.23m)<\/a>, up 49.8 per cent\u00a0when compared to the previous year<\/a>.\u00a0 Net income was KRW44.08bn (US$32.8m) for 2023. The figure represented a turnaround from the net loss of KRW22.74bn reported in 2022, mainly due to the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":" Grand Korea Leisure posted casino sales of KRW19.59bn (US$14.8m).<\/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 January casino sales of KRW19.59bn (US$14.8m), representing a significant month-on-month and year-on-year decline, primarily driven by a contraction in table game revenue. Conversely, machine game sales demonstrated sequential and annual growth. The company achieved a substantial financial turnaround in full-year 2023, posting KRW265.16bn in casino sales and a net income of KRW44.08bn, recovering from a net loss in 2022.","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":"GKL Q1 Outlook?","query":"What are the contributing factors to the significant month-on-month decline in GKL's January casino sales, and how might this impact Q1 2024 projections given the strong 2023 recovery?"},{"label":"Table Game Volatility?","query":"How does the substantial year-on-year and month-on-month contraction in table game revenue reflect broader VIP segment trends or specific operational challenges for GKL?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777012883","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\/777012883","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=777012883"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012883\/revisions"}],"predecessor-version":[{"id":777012912,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012883\/revisions\/777012912"}],"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=777012883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}