{"id":777026473,"date":"2025-05-15T11:53:07","date_gmt":"2025-05-15T14:53:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026473"},"modified":"2026-04-21T22:57:09","modified_gmt":"2026-04-22T01:57:09","slug":"grand-korea-leisure-reports-record-net-profit-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-korea-leisure-reports-record-net-profit-for-q1","title":{"rendered":"Grand Korea Leisure reports record net profit for Q1"},"content":{"rendered":"\n

Net profit was up 193.4 per cent in quarter-on-quarter terms. <\/p>\n\n\n\n\n\n\n\n

South Korea.- The South Korean operator of foreigner-only casinos Grand Korea Leisure (GKL) <\/strong>has shared its financial results for the first quarter of the year. It posted a net profit of KRW16.1bn (US$11.4m), up 57.9 per cent year-on-year<\/a> and up 193.4 per cent sequentially.<\/p>\n\n\n\n

Operating profit reached KRW20.2bn (US$14.3m), an increase of 45.6 per cent year-on-year. Profit margins expanded to 18.4 per cent compared to 14.2 per cent in the same period last year.<\/p>\n\n\n\n

GKL operates three casino venues in Seoul and Busan. The company noted favourable results at Gangnam Coex <\/strong>in Seoul. Although the amount wagered dropped by 13.3 per cent to KRW92.8bn (US$318.9m), revenue rose by 79.6 per cent to KRW64.3bn (US$45.5m).<\/p>\n\n\n

\n
\"Grand
Grand Korea building.<\/figcaption><\/figure>\n<\/div>\n\n\n

Seoul Dragon City<\/strong> casino sales declined by 35.1 per cent to KRW28.3bn (US$20m) while Busan Lotte <\/strong>casino sales rose 9.1 per cent to KRW15.6bn (US$11m). Visits across the three properties increased by 7.2 per cent in year-on-year terms to 227,591. This includes 104,000 from China and 75,000 from Japan.<\/p>\n\n\n\n

For full-year 2024, GKL posted casino sales of KRW393.61bn (US$267.94m), down 0.9 per cent from KRW265.16bn (US$207.23m) posted in 2023<\/a>.<\/p>\n\n\n\n

In November, the casino operator named Yoon Doo Hyun<\/strong> as president. He served in South Korea\u2019s National Assembly during its 21st term from May 2020 to May 2024. He held the role of senior secretary for public relations<\/strong> at the Office of the President between 2014 and 2015.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Net profit was up 193.4 per cent in quarter-on-quarter terms. <\/p>\n","protected":false},"author":176,"featured_media":777027982,"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), a South Korean operator of foreigner-only casinos, reported robust Q1 financial results, with net profit surging 193.4% sequentially to KRW16.1bn and operating profit increasing 45.6% year-on-year. Revenue grew 79.6% despite a decline in the amount wagered, driven by strong performance at Gangnam Coex and increased visitation from key markets like China and Japan. The company also noted its full-year 2024 casino sales and recent leadership appointment of Yoon Doo Hyun.","focusai_entities":"Grand Korea Leisure, GKL, Yoon Doo Hyun, National Assembly, Office of the President","focusai_location":"South Korea, Seoul, Busan, China, Japan","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR vs. NGR Drivers","query":"What specific operational or market factors contributed to the significant increase in GKL's revenue (79.6%) despite a 13.3% decline in the amount wagered, indicating a potential shift in hold percentage or player segmentation?"},{"label":"Regional Performance Analysis","query":"How do the divergent sales performances of Seoul Dragon City (-35.1%) and Busan Lotte (+9.1%) impact GKL's overall portfolio strategy and capital allocation for future development or marketing initiatives?"}],"footnotes":""},"categories":[16338,163],"tags":[29,24740,152],"class_list":["post-777026473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-gaming-results","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026473","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=777026473"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026473\/revisions"}],"predecessor-version":[{"id":777026482,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026473\/revisions\/777026482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777027982"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777026473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}