Casino sales at Grand Korea Leisure Inc. (GKL), which operates foreigner-only casinos in South Korea, fell 2.6% month-on-month to 27.89 billion won in November, according to data submitted to the Korea Exchange on Tuesday. The latest monthly tally fell 1.1% year-on-year.
Table game sales in November dropped 2.6 percent sequentially to about W24.88 billion, and dropped 2.7 percent from a year ago. Machine game sales were just over W3.01 billion, down 3.2 percent from October, but up 15.2 percent from a year ago.
The company had no comment on the reasons for the two changes.
Grand Korea Leisure operates three foreigner-only, seven-luck branded casinos. Two are in the capital city of Seoul, including Gangnam, and one is in the southeastern port city of Busan (pictured). The company is a subsidiary of the Korea Tourism Organization under the Ministry of Culture, Sports and Tourism.
In the first 11 months of this year, Grand Korea Leisure’s casino sales totaled 362.4 billion won, up 54.5% year-on-year.
In the 11 months to Nov. 30, table game sales edged above 328.28 billion won, up 55.9% year-over-year, while machine game sales rose 41.7% to 34.12 billion won.
The company’s cumulative “drops” – money that customers pay to buy game chips for table games and slots – reached nearly W3.3 trillion in the first 11 months of this year, up 74.2 percent from a year earlier.
In November alone, the casino corporation’s “fall” came to 277.25 billion won, up 8.3% from a year earlier but down 10.8% from the previous month.