South Korean Casino Sales Increase to $28 Million

Financial Statistics

The best example is Grand Korea Leisure Co Ltd (GKL), which sells casino services only to the foreign market. The gambling sales growth was 437.2% compared to February 2022.

The principal amount as of last month exceeded 36.77 billion Korean won, which is 28.3 million US dollars, as reported on the Korea Exchange.

If considered in more detail and by category, the rates of growth in the last reporting month are the following:

• table entertainment sales — KRW34.32 billion (524.8% from the prior-year period);
• slot machines sales — below KRW2.46 billion (up 81.7% from a year ago).

The Grand Korea Leisure corporation also has 3 foreign casinos from Seven Luck that bring decent profits:

• 2 in Seoul;
• 1 in the city of Busan.

Sales from all the company's casinos increased by 196%, compared to the previous year, and amounted to KRW265.17 billion.