Grand Korea Leisure posts KRW 110.7bn in Q1 sales as profitability rebounds
Operator returns to profit despite softer March performance.
Operator returns to profit despite softer March performance.
The Cyprus betting sector reported growth in Q4 2025 with GGR reaching €395.5m ($353.1m), representing a 22% rise compared with the same period last year.
Gaming revenue increased 4.9% to nearly $2bn (US$1.4bn), while interactive revenue decreased 0.6% to $262m.
The net income figure for Q1 2026 equates to a 3931.6% increase year-over-year, while operating income rose to $771,000 after witnessing a loss of $15,000 for the first quarter of 2025.
The operator’s total profit for the first quarter of 2026 increased 48.7% to $35.4m, while DoubleDown also managed to grow adjusted EBITDA by 24% to $38.2m.
According to the MGCB, slot and table game revenue increased 7.8% during the monthly period, led by MGM Grand Detroit which grew revenue 14.3% to just over $58.4m.
The operator also reported an adjusted EBITDA loss of $1.3m for Q1 2026, representing a 56.9% decrease from the loss witnessed during the prior year period.
The affiliate’s revenue from North America operations grew 34% to €11.7m (US$13.7m) and accounted for approximately 95% of the group’s total revenue for Q1 2026.
Despite generating the most revenue of any Missouri gaming establishment during April 2026, Ameristar St. Charles witnessed a 1% decrease year-over-year to $26.1m.
Q1 results from Brightstar Lottery showed modest revenue growth and improved profitability, supported by strong performance in Italy, operational efficiencies and continued investment in long-term expansion initiatives.