Grand Korea Leisure’s revenue up 4 pct in 1H18

South korea casinos

The company has just appointed a new CEO and continues to grow. (Credits: 7luck.com)

During the first half of the year, sales at the South Korean gaming operator rose 4.1 per cent to US$214 million.

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

The company, which is affiliated to the country’s Ministry of Culture, Sports and Tourism, runs three foreigner-only venues and revealed its financial results in a filing to the Korea Exchange. The casino operator has just announced the appointment of Yoo Tae-Yeol its chief executive.

Last month, casino revenue rose to US$32.77 million, 7.2 per cent higher than last year but down 9.9 per cent from May. Meanwhile, table game revenue for June was US$28.7 million, up 12.7 per cent year-on-year. Slot machine revenue, on the other hand, was down 20.7 per cent from the same month last year as it totalled US$4 million, the company told the stock exchange.