GKL reports robust growth in casino sales in March

The financial results for March were released by Grand Korea Leisure (GKL), and they demonstrate a significant growth in casino revenue in spite of the unstable market conditions.

The only-for-foreign casino operator in South Korea announced total casino revenues for the month of KRW40.4 billion (US$29.9 million), a remarkable 20% increase over the previous month.

This is a 4.4 percent gain from the previous year, demonstrating GKL’s resilience and capacity to adjust to shifting market circumstances. Subsequent investigation showed that table game revenue, which reached KRW37.33 billion ($27.7 million), was the main growth engine. This amount represented a respectable 4.3 percent rise over the same period last year and a noteworthy 19.7 percent gain over the previous month.

Additionally, sales of machine games shown considerable strength, rising by 22.7 percent in a row and by a strong 4.8 percent annually to reach KRW3.06 billion ($2.2 million).

GKL’s total casino revenues for the first quarter of the year decreased 12.9% year over year to KRW93.67 billion ($69.5 million), despite the solid monthly performance. This loss was offset, meanwhile, by a substantial boost in casino drop, which came to KRW916.04 billion ($680 million), a healthy 21.5 percent increase over the same period last year.

Original story by: Asia Gaming Brief