Grand Korea Leisure sales drop
Grand Korea Leisure suffered a 73% drop in sales for the month of May compared to last year, earning KRW10.36 billion ($8.6 million). The group’s two casinos were closed in April due to coronavirus and opened at the start of May.
Table game sales fell by 76%, earning KRW8.08 billion ($6.7 million), while EGM sales dropped by 59% to KRW2.34 billion ($1.9 million).
In the first five months of 2020, the company suffered a 36% fall compared to the previous year, earning KRW120.59 billion ($100.2 million). The first quarter for the company was a successful one, however, and GKL reported a 2% increase in sales and a 68% growth in income.
Another operator, Paradise Co, also reported a significant drop in revenue for May, a 51% decline to KRW29.80 billion ($24.5 million). With travel restrictions still in place, it’s unknown how fast the casinos will be able to recover.
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