Grand Korea Leisure sees casino sales rise 46% month-on-month in June

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South Korean foreigner-only casino operator Grand Korea Leisure enjoyed a significant boost in casino sales in June, rising 45.6% month-on-month and 18.7% year-on-year to KRW14.82 billion (US$13.1 million).

The improvement comes three months after GKL re-opened its three casinos Gangnam COEX and Gangbuk, Millenium Seoul Hilton in Seoul, and Seven Luck Casino Busan Lotte in March after being forced to close late last year due to COVID-19.

Junes results included a 60.6% month-on-month increase in table game sales to KRW13.28 billion (US$11.7 million) compared with a 19.9% fall in machine sales to KRW1.54 billion (US$1.4 million).

Total drop increased 17.7% on a monthly basis to KRW98.37 billion (US$87.0 million) but was down 69.5% year-on-year for the first six months of 2021 combined to KRW298.20 billion (US$263.8 million).

Casino revenue for the first six months of 2021 are down 69.7% year-on-year to KRW40.29 billion (US$35.6 million), with table game sales down 71.0% to KRW34.21 billion (US$30.3 million) and machine sales down 59.3% to KRW6.08 billion (US$5.4 million).

GKLs improved results for June come a day after fellow foreigner-only casino operator Paradise Co reported a 16.1% month-on-month increase in casino sales in June to KRW16.05 billion (US$14.2 million).