S. Korea's GKL casinos sales rise in June, down in first half earnings

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Grand Korea Leisure, a South Korean game operator, said its casino sales rose 6.6 percent year-on-year to nearly 38.96 billion won ($33 million) in June. However, its performance in June was not enough to prevent a drop in sales in the first half of 2019.

Casino sales fell 1.2% in June compared with May, it said on Monday.

The year-on-year increase in casino sales came as table game sales rose 5.0 percent to 33.67 billion won in the month of June. In a filing with the Korea Exchange, the company said machine game sales rose 17.5 percent year-on-year to about 5.29 billion won.

The company said casino sales in the first half of 2019 fell 5.3% year-on-year to about 226 billion won.

Table game sales fell 6.5% to about 196.17 billion won in the first six months of this year, while machine game sales rose 3.3% to 29.83 billion won.

TABLE DROP – The amount of cash exchanged by customers for chips at the table was approximately W2.22 trillion in the first half of 2019, an increase of 28.9% year over year.

GKL is a subsidiary of the Korea Tourism Organization, which is affiliated with the Ministry of Culture, Sports and Tourism in Korea. The casino operator, under the Seven Luck brand, runs three foreigner-only casinos in Korea, two in the capital city of Seoul and one in the southern port city of Busan.

BY: 릴게임사이트