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Grand Korea Leisure casino sales up 334% month-on-month

Grand Korea Leisure casino sales up 334% month-on-month

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The South Korean foreigner-only casino operator Grand Korea Leisure has reported its highest monthly casino sales figure in two years, with March 2022 sales rising by 334% month-on-month to KRW29.73bn (US$24.5 million). The increase, also 400% higher than March 2021, preceded the reopening of South Korea’s international borders on April 1st, 2022, with tourists no longer needing to quarantine for seven days.

Figures published with the Korea Exchange on April 4th show that these impressive March numbers were driven by table games, which reported a 409% sequential and 461% year-on-year improvement to KRW27.93bn ($23.0m). Electronic gaming machine sales increased by 33% month-on-month to KRW1.80bn ($1.5m) and table drop was also up 55% in March to KRW127.96bn ($105.4m).

For the first three months of 2022, casino sales are up 617% to KRW46.29bn ($38.1m) with table drop 503% higher than in Q1 of 2021, at KRW288.55bn (US$237.7m).

Grand Korea Leisure operates three casinos in South Korea, the Gangnam COEX and Gangbuk Millennium Seoul Hilton in Seoul, and the Seven Luck Casino in the beach resort of Busan Lotte.