#GKL

Leading South Korean foreigner-only casino operators Paradise Co and Grand Korea Leisure both reported strong growth in August, continuing their positive momentum since the easing of border restrictions last year. Paradise, which operates Paradise City in Incheon plus casinos in Seoul, Busan and Jeju, saw its casino revenue climb 24.5%…

South Korean foreigner-only casino operator Grand Korea Leisure reported an 8.8% year-on-year and 5.3% month-on-month increase in casino revenue to KRW31.1 billion (US$24.0 million) in July as its recovery from the COVID-19 pandemic continues in earnest. The July result included a 4.8% rise in table game revenues to KRW27.8 billion (US$21.4…

South Korea's leading foreigner-only casino operators, Paradise Co and Grand Korea Leisure (GKL), have this week reported major gains in casino revenue for FY22 - aided by a strong finish to the year in December. In separate filings with the Korea Exchange, Paradise reported casino revenue of KRW350.7 billion (US$274 million) for the year to 31…

South Korean foreigner-only casino operators Paradise Co and Grand Korea Leisure both saw their casino revenues fall month-on-month in November, having previously booked significant gains on COVID-19 recovery in October. According to information filed with the Korea Exchange, Paradise saw casino revenues fall 14.9% to KRW39.6 billion (US$30.5…

Foreigner-only casino operator Grand Korea Leisure (GKL) saw casino sales fall to their lowest level of 2021 in November, down 25.4% year-on-year and 55.9% sequentially to KRW4.09 billion (US$3.5 million). With South Korea now seeing its highest daily COVID-case numbers since the start of the pandemic, November's casino sales included a 68.1% fall…

Grand Korea Leisure (GKL) has posted revenue of KRW5.95bn (US$5.3m) for March 2021 following the reopening of its Seoul casinos. The South Korean foreigner-only operator reported revenue of just KRW507m in February, when only Seven Luck Casino Busan Lotte was operational. GKL had all three of its casinos - Gangbuk Hilton, the Seven Luck-branded…