Grand Korea Leisure Casino Sales Up 48% in April

South Korean foreigner-only casino operator Grand Korea Leisure Co Ltd has announced a 48.4% increase in casino revenue in April compared to March.

Such sales were KRW8.83 billion (US$7.9 million) compared to KRW5.95 billion in March. Sales in March had already taken a huge leap compared to those for February.

The group’s Busan Lotte casino venue in the southern port city of Busan had resumed its operations on February 15, after a period of closure.

Grand Korea reopened its Seven Luck-branded Seoul venues Gangnam COEX and Gangbuk Hilton on March 15. Both properties had been shuttered since November 24 as a Covid-19 countermeasure.

Grand Korea Leisure’s table game sales for April this year were just under KRW7.27 billion, an increase of 46% on the KRW4.98 billion realised in March.

Machine game sales for the month were slightly more than KRW1.56 billion, an increase of 60.7% on the KRW972 million generated in March.

For the calendar year to April 30, Grand Korea Leisure’s casino sales were KRW15.29 billion, a dip of 86.1% versus the nearly KRW110.23 billion achieved in the prior-year period.

Aggregate sales for table games were just over KRW12.66 billion, down 87.3% on the almost KRW99.62 billion realised in the first four months of 2020.

Machine game sales for the initial four months of this year were just under KRW2.63 billion, a decline of 75.2% on the almost KRW10.61 billion a year earlier.