Grand Korea Leisure reported first-quarter 2026 sales of KRW 110.7bn, representing a 0.7% increase compared with the same period last year and a 7.7% rise from the previous quarter.
Operating income for the quarter reached KRW 18.1bn, marking a sharp turnaround from a KRW 800m loss in the fourth quarter of 2025. Net income attributable to shareholders totaled KRW 15.1bn, reversing the prior quarter’s loss and only slightly below the KRW 16.1bn recorded in the first quarter of 2025.
The performance reflects mixed monthly trends across the operator’s three foreigner-only Seven Luck casino venues in Seoul and Busan.
January sales were broadly in line with December levels at KRW 36.6bn, supported by stronger VIP play from Chinese customers at the Gangnam property. Chinese VIP drop at Gangnam rose significantly year on year, while Japanese VIP volumes softened slightly. February saw further momentum, with casino revenue increasing 17% year on year to KRW 38.1bn. Cumulative revenue for January and February rose 12% compared with the same period in 2025.
However, March moderated the quarter’s pace. Casino sales declined 22.8% year on year to KRW 31.9bn, driven primarily by weaker table game revenue, although machine sales remained resilient with double-digit annual growth.
Despite the softer March figures, cumulative drop for January to February had increased 12% year on year, reflecting steady visitation and improved early-year demand from overseas players.
The first-quarter results follow a positive full-year 2025, when Grand Korea Leisure recorded annual sales of KRW 422.95bn, up 6.7%, supported by increased participation from major international customers.
All figures are preliminary and subject to external audit review
