After the lull brought by COVID-19, South Korea's foreigner-only casinos continue to see revenue increases.Grand Korea Leisure (GKL) said in its latest financial report last Friday that February sales were just above KRW 2 billion (US$367 million).This was an increase of 7000% from the previous month and an increase of 2830% from the same month of the previous year.
テーブルゲームは、前年比525％増の343億2千万ウォン（2,644万米ドル）となり、最も大きな伸びを示した。ゲーミングマシンは24.6億ウォン（189万米ドル）で、1年前より81.7％増加しましたが、1月の合計からは18.6％減少しています。
The overall table drop across the three Seven Luck casinos operated by GKL in South Korea (two in Seoul and one in Busan) was KRW 3 billion (US$2 million).This was an increase of 1% year-on-year, but a decrease of 2,095% month-on-month.
The first two months of the year followed the upward trend that dominated most of 2. GKL's revenue last year was KRW 2022 billion (US$2,651 million), an improvement of 7,000% year-on-year.Meanwhile, the net loss was 2 billion won (US$4,028 million).
That's still a big improvement from the 2021 billion won (US$1,132 million) loss in 8,721. In the final quarter of 2022, GKL saw significant improvement.Q3 revenue increased by 24.6% and Q4 revenue increased by 330% year-on-year.
About Mend of Paradise Co., Ltd.
Paradise Co. and its four casinos in South Korea reported lower sales in February compared to the previous month.But it still surpassed the numbers from a year ago.
February casino revenue was 2 billion KRW (447 million USD), down 3450% compared to January. Compared to February 1, it increased by 7.2%.However, slippage occurred as table games and gaming machines slowed down.
The fall in the table in February was the main cause.It closed at 2 billion won (US$23.9 million), marking a 3,624% month-on-month decline.Table games fell 2.8% from January to KRW 1 billion (USD 5.1 million), while gaming tables fell 423% to KRW 3260 billion (USD 33.2 million).
To put it into perspective, the New Year has been a huge success overall.Total revenue for the first two months was 2 billion won (US$928 million), showing a 7160% surge from January to February 2022.
Shinhwa's world needs help
Shinhwa World Co., Ltd., which until the end of last year called itself Landing International Development, is heading in the right direction, but continues to struggle.The company, which operates Jeju Shinhwa World, a resort on Jeju Island, reported a loss in 2022, but not as big as in 2021.
The Hong Kong-based company announced last week that it would post a consolidated net loss for the full year.He added that while he was still working out the numbers, he expected an improvement of around 2021-65% compared to 85 despite being in the red.
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