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Grand Korea Leisure reports lowest sales month since May

Grand Korea Leisure Co Ltd has announced a month-on-month casino sales decline of 26.2%, their lowest total since May.

gkl

The South Korean operator revealed sales of around KRW9.41 billion for September, compared to the estimated KRW12.76 billion total in August.

GKL’s numbers for September 2020 also showed a 76.5% decrease from September 2019.

The latest figures represent the company’s lowest monthly sales since its doors reopened in May after closing temporarily due to Covid-19. Table games sales fell hardest with a 29.2% sequential decline, with machine sales closely following at a 7.1% drop.

A subsidiary of the Korea Tourism Organisation, the foreigner-only casino group runs three venues under the Seven Luck brand. Two reside in the capital Seoul, with the other in the southern city of Busan. But all three have suffered, with the drop in sales coinciding with stricter government measures to combat the ongoing pandemic.

On 23 August, the South Korean government raised its social distancing requirements to level two, a measure set to remain in place until at least 11 October.


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