Grand Korea Leisure’s May Casino Revenue Surges 40.8% Y-O-Y

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The South Korean operator booked KRW43.13 billion, a rise of 7.3% from April

GKL

Key Takeaways:

  • Casino revenue in May rises sharply, up 40.8% year-on-year
  • Table games lead the growth, with machine gaming also contributing
  • GKL shows upward momentum in first five months after subdued 2024

Grand Korea Leisure said May casino revenue climbed sharply, supported by stronger table-game play and a pickup in machine gaming, according to the Korea Exchange. 

The South Korean operator booked KRW43.13 billion, or about $28 million, for the month, up 40.8% from a year earlier and 7.3% from April.

April’s numbers sat at KRW40.2 billion (US$27 million). 

Table Games Lead the Rebound

Table games generated KRW38.84 billion, accounting for most of the gain, while machine games contributed KRW4.29 billion. This was down 35.5% from April and 21.% year-on-year

GKL operates three foreigner-only casinos under the Seven Luck brand.

First-Five-Month Momentum

For January through May, GKL said casino sales reached KRW189.97 billion, an 8.5% increase from the same period a year earlier. 

GKL has regained momentum as visitation and table drop improve.