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South Korean Casino Sales Increase to $28 Million

South Korean Casino Sales Increase to $28 Million

13/03/2023
The latest news about the gambling industry in South Korea impresses. Sales from the entertainment sector increased as much as $28 million.

Financial Statistics

South Korean casinos: profit 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.

Gaminator is helping online operators enter the South Korean market. The firm collects games and other solutions from famous brands like Grand Korea Leisure. Contact our manager to get an exclusive offer for the gambling business.

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Artur Zimnij
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Artur Zimnij
Gambling business specialist
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