Grand Korea Leisure casino sales rocket 334% in March
Grand Korea Leisure (GKL) has reported KRW29.72bn (US$24.4m) in casino sales for March.
South Korea.- Grand Korea Leisure (GKL) has reported one of its best months for sales since the Covid-19 pandemic began with sales of KRW29.72bn (US$24.4m) for March. That’s an incrase of 334 per cent when compared to February (KRW6.85bn (US$5.6m).
The company has posted sales of KRW46.29bn for the first quarter, up from KRW23.5bn in the fourth quarter of last year. Compared with the same period in 2021, revenue was up 617 per cent year-on-year. Table game revenue rose from KRW11.36bn to KRW33.54bn while lot machine revenue increased from KRW1.33bn to KRW1.87bn.
The biggest improvement in real estate came from Seoul’s Gangnam Casino, where revenue rose from KRW1.59bn to KRW22.33bn.
In 2021, Grand Korea Leisure reported a net loss of KRW113.27bn (US$94.7m) and an operating loss of KRW145.83bn, compared with KRW88.81bn the previous year.
The South Korean government eased Covid-19 countermeasures from April 1. The mandatory seven-day quarantine on arrival has been lifted for those who have been fully vaccinated with three doses against Covid-19.
