Grand Korea Leisure sees May revenue soar as Korean operators enjoy rebound

first_imgKorea’s government-run foreigners-only casino operator, Grand Korea Leisure (GKL), saw casino sales jump 16.7% year-on-year in May on the back of strong results from table games.Casino sales reached KRW40.6 billion (US$37.9 million) for the month, up from KRW35.8 billion in May 2017 and representing an increase of 2.7% over April’s numbers. Load More RelatedPosts South Korea’s foreigner-only casinos see revenues grow in August Caesars slips back into loss in 2Q19 but US properties showing growth ahead of Eldorado merger Korea’s Paradise City to turn profitable in third quarter: JP Morgan Table games were the hero of the story, with sales growing 21.8% year-on-year to KRW35.6 billion (US$33.1 million) – more than making amends for a 10.3% decline in electronic gaming machine sales to KRW5 billion.For the first five months of the year combined, GKL’s sales are up 3.6% on 2017 levels to KRW202.1 billion (US$188 million).GKL, a subsidiary of the Korea Tourism Organization, operates two casinos in Seoul and one in Busan under its Seven Luck brand.May proved to be a solid month for the country’s gaming industry with Paradise Co having announced last week a 25.2% increase in casino sales to KRW52 billion (US$48.5 million). That figure also represented a 36.0% sequential increase for Korea’s only integrated resort operator.last_img

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