Grand Korea Leisure casino revenues low but rising in April

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South Korean foreigner-only casino operator Grand Korea Leisure (GKL) saw significant improvement in April with casino revenues up 48.4% on March to KRW8.83 billion (US$7.8 million).

The better performance followed the reopening of its Seoul casinos in mid-March, with GKL having previously booked casino revenue of just KRW507 million (US$448,000) in February, when only Seven Luck Casino Busan Lotte was operational.

The company had closed all three of its casinos Gangnam COEX and Gangbuk, Millenium Seoul Hilton in Seoul, and Seven Luck Casino Busan Lotte in mid-December as the latest wave of COVID-19 spread across the country beforereopening Busan in February.

Fellow foreigner-only casino operator Paradise Co earlier this week reported a 34.4% month-on-month decline in casino revenue in April to KRW14.82 billion (US$13.2 million).