{"id":777034154,"date":"2025-11-05T07:53:44","date_gmt":"2025-11-05T10:53:44","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777034154"},"modified":"2026-04-21T17:26:48","modified_gmt":"2026-04-21T20:26:48","slug":"kangwon-land-sales-increase-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kangwon-land-sales-increase-in-q3","title":{"rendered":"Kangwon Land sales increase in Q3"},"content":{"rendered":"\n

Sales in the third quarter were up 2.2 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

South Korea.- Kangwon Land<\/strong>, South Korea\u2019s only casino open to locals, has announced its financial results for the third quarter of 2025. The casino operator posted sales of KRW383.7bn (US$265.5m) for the July-September period, up 2.2 per cent year-on-year, and up 6.4 per cent from the second quarter of the year<\/a>.\u00a0<\/p>\n\n\n\n

Gaming sales<\/strong> reached KRW333.7bn, up 4.2 per cent year-on-year and ahead of the KRW331.5bn (US$245.3m) reported in Q2. Non-gaming sales<\/strong> were KR50bn (US$34.6m), down 9.4 per cent year-on-year but up compared to the previous quarter.<\/p>\n\n\n\n

The company\u2019s gross gaming revenue <\/strong>(GGR) was up 4.2 per cent year-on-year and up 1.9 per cent quarter-on-quarter at KRW368.5bn (US$255m). The company said that the increase in betting limits on selected tables in May 2025 likely contributed to the rise in its table drop volume.<\/p>\n\n\n\n

Net profit<\/strong> of KRW112.3bn (US$77.8m) was up 24.1 per cent year-on-year and 83.5 per cent quarter-on-quarter. Operating income<\/strong> was KRW71.9bn (US$49.7m), up 24.2 per cent sequentially but down 22.7 per cent year-on-year.<\/p>\n\n\n\n

For the year-to-date period<\/strong>, Kangwon Land reported KRW1.11 trillion (US$767.4m) in sales, a 2.7 per cent growth compared to KRW1.08 trillion (US$745.5m) recorded in the first nine months of 2024.
<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> MGM China posts $1.08bn in net revenue for Q3<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Sales in the third quarter were up 2.2 per cent year-on-year.<\/p>\n","protected":false},"author":226,"featured_media":777034157,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Kangwon Land, South Korea's sole casino accessible to locals, reported robust Q3 2025 financial results, with sales up 2.2% year-on-year to KRW383.7bn and GGR increasing 4.2% year-on-year. Net profit surged 24.1% year-on-year to KRW112.3bn, attributed partly to increased betting limits implemented in May 2025. The company also reported a 2.7% YTD sales growth.","focusai_entities":"Kangwon Land, MGM China","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), regulator (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Growth Drivers","query":"Beyond the noted increase in betting limits, what specific operational efficiencies or market demand shifts contributed to Kangwon Land's 4.2% YoY GGR growth, particularly given the decline in non-gaming sales?"},{"label":"Capital Allocation Strategy","query":"With a 24.1% YoY increase in net profit, what are Kangwon Land's anticipated capital allocation strategies for the remainder of FY2025, particularly regarding reinvestment in gaming verticals or non-gaming amenities?"}],"footnotes":""},"categories":[16338,163],"tags":[29,16471,152],"class_list":["post-777034154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-kangwon-land","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034154","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=777034154"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034154\/revisions"}],"predecessor-version":[{"id":777034166,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034154\/revisions\/777034166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777034157"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777034154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777034154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777034154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}