Contrasting fortunes for Korea’s Paradise, GKL in May
Tuesday 06 de June 2023 / 12:00
2 minutos de lectura
(South Korea).- South Korea’s leading foreigner-only casino operators – Paradise Co and Grand Korea Leisure (GKL) – enjoyed vastly contrasting fortunes in May as luck favored one but not the other.
In a filing with the Korea Exchange late last week, Paradise – which runs integrated resort Paradise City in Incheon plus casinos in Seoul, Busan and Jeju – reported casino sales of KRW70.1 billion (US$53.6 million) in May, up 30% on April sales and 313% higher year-on-year.
The improvement was aided by positive luck at the tables, given that table drop of KRW525.5 billion (US$401.6 million) was only 1.7% more than in April. It did, however, push casino sales for the first five months of 2023 to KRW258.4 million (US$197.5 million), representing a 194% improvement over the same period in 2022.
It was a different story for GKL, which also saw table drop remain largely steady at KRW287.6 billion (US$219.8 million), down just 2.9% on April, but suffered a 44.5% decline in casino sales to KRW25.4 billion (US$19.4 million). The May figure, which saw table games revenue fall 48.2% to KRW21.9 billion (US$16.7 million) but machine revenue rose by 2.4% to KRW3.46 billion (US$2.6 million), was 39.0% higher year-on-year.
For the year-to-date, casino sales are up 154% to KRW178.5 billion (US$136.4 million).
GKL operates three casinos in Seoul and Busan under the Seven Luck brand.
Categoría:Casino
Tags: Sin tags
País: South Korea
Región: Asia
Event
GAT EXPO CARTAGENA 2025
28 de April 2025
Payphone and its First Experience at GAT Expo Cartagena: Expansion and Connections Key to the Future
(Cartagena, Exclusivo SoloAzar).- Paola Murillo, Business Development Manager at Payphone, talked with SoloAzar about the company experience at GAT Expo Cartagena. The company aims to interact with regulatory authorities to drive its expansion in Latin America and the Caribbean. How does the firm plan to have more presence in these strategic markets? Read more in the following Q&A.
Friday 09 May 2025 / 12:00
21Viral Elevates Its Presence at GAT Expo Cartagena: Innovation, Networking & Business Expansion
(Cartagena, SoloAzar Exclusive).- In a Q&A with SoloAzar, Luz Beatriz Jaramillo Serna, 21Viral Sales Manager Latam, emphasizes the importance of regulatory interactions and networking for business growth. Discover the key takeaways from this exclusive interview!
Friday 09 May 2025 / 12:00
GAT Expo Cartagena 2025 reaffirms its leadership in the gaming sector in Latin America
(Cartagena, SoloAzar Exclusive).- With record attendance, strategic alliances, and a high-level academic agenda, GAT Expo Cartagena is driving innovation and industry growth in the region. In conversation with SoloAzar, CEO José Aníbal Aguirre discusses the highlights and upcoming GAT events in Latin America for the rest of the year.
Thursday 08 May 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.