{"id":777019638,"date":"2024-10-04T09:28:12","date_gmt":"2024-10-04T12:28:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019638"},"modified":"2026-04-22T05:28:49","modified_gmt":"2026-04-22T08:28:49","slug":"gambling-in-south-korea-gkl-casino-sales-down-16-9-in-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/gambling-in-south-korea-gkl-casino-sales-down-16-9-in-september","title":{"rendered":"Gambling in South Korea: GKL casino sales down 16.9% in September"},"content":{"rendered":"\n<p>Grand Korea Leisure has posted casino sales of KRW34.3bn (US$25.7m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-<strong> Grand Korea Leisure (GKL)&nbsp;<\/strong>has shared its financial results for&nbsp;the month of&nbsp;September. The company posted casino sales of KRW34.3bn (US$25.7m), <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-casino-sales-up-114-7-in-august\" rel=\"noreferrer noopener\">down 16.9 per cent&nbsp;sequentially<\/a>&nbsp;but up 3&nbsp;per cent in year-on-year terms.<\/p>\n\n\n\n<p><strong>Table-game revenue<\/strong>&nbsp;was KRW31.6bn (US$23.7m), down 17.1 per cent sequentially but up 4.91 per cent year-on-year.&nbsp;<strong>Machine game sales<\/strong>&nbsp;were KRW2.7bn (US$2m), down 14.6 per cent month-on-month but up 18.52 per cent. The table drop decreased 16.1 per cent monthly and 10.5 per cent in year-on-year terms to KRW277.7bn (US$208.2m).<\/p>\n\n\n\n<p>For the<strong> first nine months&nbsp;<\/strong>of the year, Grand Korea Leisure has reported casino sales of KRW287.4bn (US$215.5m), down 6 per cent compared to the same period last year. The cumulative drop amount was up 13.5 per cent to KRW2.76bn (US$2m).<\/p>\n\n\n\n<p>GKL operates<strong> three foreigner-only casinos\u00a0<\/strong>under 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":"<p>Grand Korea Leisure has posted casino sales of KRW34.3bn (US$25.7m).<\/p>\n","protected":false},"author":176,"featured_media":20677,"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 September casino sales of KRW34.3bn (US$25.7m), marking a 16.9% sequential decline but a 3% year-on-year increase. Year-to-date, GKL's casino sales reached KRW287.4bn (US$215.5m), a 6% decrease from the prior year, despite a 13.5% increase in cumulative table drop, indicating shifts in player spending patterns or hold rates. The state-affiliated operator manages foreigner-only casinos in key South Korean urban centers.","focusai_entities":"Grand Korea Leisure, GKL, Korea Tourism Organization, Ministry of Culture, Sports, and Tourism, Seven Luck","focusai_location":"South Korea, Seoul, Gangnam, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Decline Factors?","query":"What specific macroeconomic factors or competitive shifts within the foreigner-only casino segment contributed to GKL's sequential GGR decline in September, despite positive year-on-year growth?"},{"label":"Drop vs. GGR Divergence?","query":"How does the divergence between the 13.5% cumulative table drop increase and the 6% year-to-date GGR decrease reflect GKL's hold percentage volatility or shifts in high-roller activity?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777019638","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\/777019638","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=777019638"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019638\/revisions"}],"predecessor-version":[{"id":777019644,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019638\/revisions\/777019644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20677"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}