Grand Korea Leisure (GKL) recorded casino revenue of KRW41.7bn ($28.4m) for November, an increase of 12.9% year-on-year and a 46.2% rise compared with October. The result marks a return to monthly growth after two consecutive declines.
The company reported a 12.7% year-on-year increase in drop amount, while month-on-month drop remained broadly stable at KRW327.0bn.
Table game revenue reached KRW38.4bn, up 13.7% from the prior year, reflecting stronger activity and improved hold conditions following October's weaker margins.
Machine revenue for the month was KRW3.37bn, representing a 3.9% rise. The tally was slightly lower than October, down 1.1%, but remained ahead of last year's level.
GKL operates three foreign-player-only casinos under the Seven Luck brand, located in Seoul and Busan. The company is a subsidiary of the Korea Tourism Organization, which is affiliated with the Ministry of Culture, Sports and Tourism.
For the January to November period, cumulative casino revenue stood at KRW389.0bn, an increase of 9.6% year-on-year.
The strongest contributor during the period was Seoul Gangnam Casino, which generated KRW192.01bn in revenue, up nearly 20% compared with the same period in 2024.
The operator recently reported third-quarter net profit of KRW14.67bn, a 142.7% year-on-year increase, supported by an expansion in group-wide sales.
Management has also signalled plans to refresh casino facilities and expand into cultural tourism as part of its long-term development strategy.
In October, GKL reported casino sales down 6.5% year-on-year to KRW28.6bn, reflecting a month that saw weaker table play and a 17.9% drop from September.
GKL's casinos are foreign-player-only venues, with performance closely tied to South Korea's inbound tourism trends
