Tag Archives: grand korea leisure
- Grand Korea Leisure getting beat up at home and abroad
August 3, 2017
South Korean casino operator Grand Korea Leisure (GKL) has spent most of 2017 getting beat up by Chinese politicians and domestic competitors. GKL’s second quarter earnings report was released this week, and it made for grim reading. Revenue in the three months ending June 30 was down 15% to KRW...
- Grand Korea Leisure Q1 net income plunges 34.7%
May 12, 2017
South Korea’s second largest foreigners-only casino operator Grand Korea Leisure (GKL) saw its net income drop by 34.7 percent in the first quarter of the year as fewer high rollers flew to the country to gamble. In a filing with the Korea Exchange, GKL said its net income in the...
- Paradise’s Japanese VIPs can’t make up for Chinese MIAs
February 10, 2017
South Korea’s two largest foreigner-only casino operators had very different results to close out 2016. Figures released this week show Paradise Co Ltd’s revenue falling 2.6% to KRW 173.6b (US $150.5m), while higher expenses related to finishing its new Paradise City integrated resort in Incheon resulted in operating profit falling...
- Grand Korea Leisure, Paradise Co post mixed Q3 profits
November 7, 2016
South Korea’s second largest foreigners-only casino operator Grand Korea Leisure (GKL) continued its positive momentum in the third quarter of 2016. In a filing to the Korea Exchange, GKL said its net income rose 22.9 percent year-on-year to reach KRW27.75 billion (USD24.3 million) in the third quarter of the year....
- Grand Korea Leisure’s Q2 profits soars 38%
August 9, 2016
Net income of Grand Korea Leisure Co Ltd. (GKL), the country’s second largest foreigners-only casino operator, jumped 38.1 percent in the second quarter of 2016. In a filing to the Korea Exchange, GKL posted a net income of KRW 25.60 billion (US$23.1 million) while revenue for the period grew by...
- Grand Korea Leisure stumbles as Chinese VIP gamblers steer clear
February 16, 2016
South Korean casino operator Grand Korea Leisure (GKL) saw profit plunge over 40% in Q4 2015 as the Chinese economy and Beijing officials combined to stem the flow of high-rollers visiting GKL’s casinos. GKL, which operates three Seven Luck-branded foreigners-only casinos, reported revenue falling 17.4% to KRW 23.3b (US $19.1m)...
Tensions in Asia propel bitcoin past $4,000 to new milestone
August 14, 2017
Kangwon Land casino paying problem gamblers to stay away
March 24, 2017
Cyberattack cripples Korean bitcoin exchange Bithumb
July 6, 2017
Chinese tourists maintain biggest spenders’ crown
April 13, 2017