Grand Korea Leisure shares August results

South Korean gaming operator published this week its sales report addressing August operations.

South Korea.- Asian casino company Grand Korea Leisure Co Ltd (GKL) shared this week its financial results addressing August operations in its gaming venues in South Korea under the Seven Luck brand. GKL is a subsidiary of the Korea Tourism Organisation, which in turn is affiliated to South Korea’s Ministry of Culture, Sports and Tourism.

According to the report shared last Wednesday by Grand Korea Leisure Co Ltd (GKL), casino sales achieved a total of €38.7 million (US$45.3 million) during August operations in its three casinos of South Korea. The revenue represents an increase of 21.8% from the prior-year period, as reported by the company.

“The year-on-year increase in casino sales was sustained by a 26.8% rise in table game sales during the month of August,” reads the statement. However, gaming machines reported a low of 12.0% year-on-year last month, as the Asian gaming firm said in a filing to the Korea Exchange and the local press.

Meanwhile, Korea Tourism Organisation subsidiary Grand Korea Leisure Co Ltd (GKL) had a 4.1% increase in sales during the first half of 2018. The gaming operator reached €183 million (US$214.2 million), mainly pushed by a 7.4% increase in table games sales and despite a 14.9% decrease in machine sales, while turnover was down 5.4% year-on-year.