Grand Korea Leisure reported casino sales of KRW38.08bn for February, 17.3% higher than in the same month a year earlier. Table-game sales rose 15.9% to KRW34.75bn, while gaming-machine sales increased 35% to KRW3.32bn, according to the company’s filing.
Investors and suppliers can see that February sales growth came from both table games and gaming machines.
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Grand Korea Leisure said it is recruiting junket partners for its foreigner-only casinos in South Korea as part of its Value-up Plan. The company is targeting annual revenue of KRW503.8 billion by 2030 and said it has already recruited some partners.
It was reported that Grand Korea Leisure’s second-quarter net income reached nearly KRW18.02bn. Earnings rose 6.2% year-on-year and 19.4% compared with the preceding quarter.
South Korean casino operators and tourism academics called for lighter administrative requirements and industry rebranding at a Seoul roundtable, citing concern that MGM Osaka could draw tourists and investment away from Korea. The Osaka resort is expected to open in 2030; estimates cited at the discussion put annual visitors at 7.6 million and overseas visitor spending at $1.9 billion.
Grand Korea Leisure reported net profit of KRW15.09bn for the first quarter, down 6.3% year on year, according to unaudited results filed with the Korea Exchange. Operating income fell 10% to KRW18.15bn, while group-wide sales increased 0.7% to KRW110.65bn and casino sales rose 6% to KRW138.16bn.
Grand Korea Leisure reported October casino sales of KRW29.3bn, equivalent to US$21.8m, reportedly up 2.5% year on year.
Grand Korea Leisure (GKL) posted October casino sales of KRW29.3 billion (US$21.8 million), up 2.5% year-on-year.