(AsiaGameHub) – Grand Korea Leisure (GKL), one of South Korea’s foreigner-only casino operators, delivered strong performance in April, with casino revenues rising 11.1% year-on-year and 25.7% month-on-month to KRW 40.2 billion (US$ 27.6 million).
The majority of the growth came from table games, which saw revenues increase by 12.7% to KRW 37.0 billion (US$ 25.4 million). In contrast, machine gaming revenue declined by 4.6% to KRW 3.16 billion (US$ 2.2 million).
Table drop volume surged 20.5% compared to the previous year, reaching KRW 345.7 billion (US$ 238 million), and rose 1.9% from March.
In Q1 2016, total casino revenues grew by 1.7% to KRW 146.8 billion (US$ 101 million), primarily driven by higher machine gaming revenues during the first quarter of 2016.
The Korean government holds a 51% stake in GKL through the Korea Tourism Organization, which operates under the Ministry of Culture, Sports and Tourism. The remaining shares are publicly traded.
GKL manages three foreigner-only casinos, branded as Seven Luck, located in Seoul and Busan.
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