Grand Korea Leisure posts casino sales of US$7.96m in September

Grand Korea Leisure (GKL) has reported KRW9.42bn (US$7.96m) in casino sales for August, up 7 per cent when compared to the previous month.

South Korea.- Grand Korea Leisure (GKL) has shared its financial results for the month of September, reporting that casino sales were up 7 per cent when compared to the previous month, from KRW8.80bn (US$7.6m) to KRW9.42bn (US$7.96m). Sales were up 0.1 per cent year-on-year.

Table games revenue reached KRW7.92bn, up 9.9 per cent from August and up 1.4 per cent year-on-year. Machine game sales were down 6.3 per cent month-on-month to KRW1.50bn (down 6.4 per cent year-on-year).

The operator of foreigner-only casinos registered KRW66.08bn in casino sales for the first nine months of the year, down 61.0 per cent year-on-year. Table games aggregate sales reached KRW55.43bn between January and September, down 62.7 per cent. Machine game sales were KRW10.65bn, down 48.7 per cent.

Kim Young-San named new CEO of Grand Korea Leisure

GKL has announced the appointment of Kim Young-San as CEO and chairman of the board. Kim Young-San, who has served as vice-chairman of the Korea Casino Association since 2019, will replace Yoo Tae-Yeol for a three-year term.

The new CEO was director of the Culture and Arts Policy Office and of the Planning and Coordination Office from 2016 to 2019. He was appointed after recommendations from the Minister of Culture, Sports and Tourism.