An Increase in Grand Korea Casino Sales During the Last Year

Grand Korea Leisure Co Ltd, a South Korean operator who is in charge of foreigner-only casinos, had an incredibly successful last year. 

The great increase:

Casino sales for 2022 have significantly increased, rising 196.0 percent year-on-year. The deals came to the amount of nearly KRW265.17 billion, or US$208.4 million. This was announced on Tuesday at the filing to the Korea Exchange. 

Table game sales went up 221.4 percent during the last year if we compare the results to the ones from 2021. The amount of earned money has been nearly KRW238.91 billion. The number of machine-game sales also increased, and a rise of 72.3 percent is noted. The amount of earned money was just under KRW26.26 billion.

Customers have been using more money than usual to purchase chips – so the amount of money spent on tables dropped during the last year also increased. It went up 163.6 percent year-on-year, and nearly KRW1.99 trillion has been earned. 

The December results – a fantastic surprise:

After the December results had been gathered, the annual numbers for the whole year were calculated. After the results were calculated, the data gathered in December were the biggest surprise – the December casino sales were almost KRW30.55 billion, which was 8.3 percent more than in November, and even 201.4 percent higher than the previous year.

When compared to the same month last year, the sales rose 10.9 percent during this December – and that is almost KRW28.37 billion. Year-on-year gain was huge: 222.6 percent.

Machine-game sales during the last month of the year were KRW2.18 billion, which was 16.6 percent when looked at sequentially – but there is a rise of 62.5 percent compared to the previous year.  

Grand Korea Leisure is one of the subsidiaries of the Korea Tourism Organization, which is one of the affiliates of the Ministry of Culture, Sports, and Tourism. The casinos that the company runs are foreigner-only. Three of them are Seven Luck-branded casinos, and two are situated in Seoul, the capital of South Korea, one of which is the famous Gangnam, and one in Busan, a port city in the southeastern part of the country. 

On December 30, one of the casinos, located in Seoul Gangbuk venue in the Millennium Hilton Hotel, was closed. The gaming operation was transferred to Seoul Dragon City, which started operating on December 31.

One of the important news when it comes to Grand Korea Leisure is the reduction of the size of its marketing team from China. Also, one-third of the company’s liaison offices in Japan have been laid off.