Grand Korea Leisure Business Limited records Enhanced results

South Korean casino operator, Grand Korea Leisure Company Limited, has reportedly released its financial results for its first six months of 2018 demonstrating a 4.1% increase year-on-year in gaming earnings to slightly more than $212.29 million.

Based on a Tuesday report from GGRAsia, the Seoul-headquartered firm is a subsidiary of the Korea Tourism Organization, which is affiliated with the nation’s Ministry of Culture, Sports and Tourism, also revealed that joint takings from its own table games for the six months to the end of June had risen by 7.4% year-on-year to achieve $186.65 million.

Grand Korea Leisure Company Limited is responsible for a trio of Seven Luck Casino-branded venues in the towns of Seoul and Busan and conversely comprehensive that slot earnings at the foreigner-only facilities for its six-month interval had dropped by some 14.9% year-on-year to endure at roughly $25.68 million.

GGRAsia moreover reported that June saw Korea Exchange-listed Grand Korea Leisure Company Restricted record a 7.2% swell year-on-year in joint gaming earnings to just over $32.54 million although this figure represented a 9.9% drop when compared with the previous month’s tally of around $36.51 million. The operator, which last month installed Yoo Tae-Yeol as its new Chief Executive Officer, additionally clarified that takings from its own table games for the 30-day interval has improved by 12.7percent to $28.54 million while aggregated slot revenues had plummeted by 20.7percent to marginally in excess of $4 million.

For South Korea’s foreigner-only casinos as a complete, GGRAsia reported that last year saw gaming earnings drop by approximately 5.4% year-on-year to $1.07 billion since the 16 venues attracted in the area of 6.2percent fewer visitors at 2.22 million.