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Tag Archives: Grand Korea Leisure

South Korea – Grand Korea Leisure sees 500 per cent improvement quarter to quarter

Grand Korea Leisure, the South Korean foreigner-only casino operator, saw its revenues improve by 43.8 per cent, compared to last year’s second quarter results, with more than a 500 per cent sequential quarterly gain compared to the first quarter of 2021. Second quarter casino revenue improved to KRW32.98bn (US$28.4m) as the company’s Gangnam COEX and…

South Korea – Paradise Co. and Grand Korea enjoy buoyant August

Paradise Co. and Grand Korea Leisure, South Korea’s leading casino operators, have both reported increases in gaming revenue in August. Paradise Co, owners of Paradise City integrated resort in Incheon, Paradise Walker-hill in Seoul, Jeju Grand and Busan Casino, saw revenues grow 36.1 per cent in August, compared to last year, reaching KRW69.28bn. Tables increased…

South Korea – Chinese ban continues to affect Korea’s casino revenues

GGR at Korea’s foreigner-only casinos dropped by 5.4 per cent to KRW1.2tn (US$1.1bn) in 2017 due to the ongoing effects of China’s ban on tour groups to Korea in March 2017. The National Gambling Control Commission (NGCC) said the fall was due to a drop in attendance at the country’s 16 foreigner-only properties which was…

North Korea – South Korean shares rally following North Korean casino suggestion

A government official from North Korea has pitched the construction of a casino to US President Donald Trump, asking for US investment for an integrated casino resort in Wonsan, a port city on the country’s east coast. Kim Yong Chol, Vice Chairman of the Central Committee of the Workers’ Party, meet with President Trump at…

South Korea – Grand Korea sees huge second quarter improvement

South Korean operator Grand Korea Leisure enjoyed a 38.1 per cent year-on-year increase in net income to KRW25.6bn (US$23.1m) in the second quarter of 2016. The company, which operates Seven Luck Casino, with branches in Seoul Gangnam, Millennium Seoul Hilton and Busan Lotte, reported that revenue for the period was up 5.4 per cent to…