South Korea’s Paradise, GKL see October casino sales rise year-on-year
South Korean foreigner-only casino operators Paradise Co Ltd and Grand Korea Leisure Co Ltd (GKL) both reported year-on-year increases in casino sales for October, according to separate Tuesday filings to the Korea Exchange. The two companies, however, recorded declines in casino sales when compare…
South Korean foreigner-only casino operators Paradise Co Ltd and Grand Korea Leisure Co Ltd (GKL) both reported year-on-year increases in casino sales for October, according to separate Tuesday filings to the Korea Exchange. The two companies, however, recorded declines in casino sales when compared with the previous month, September. Paradise Co’s October casino sales rose 12.8 percent year-on-year, to KRW82.12 billion (US$61.2 million). GKL’s casino sales increased by 2.5 percent, to KRW29.28 billion. Sequentially, Paradise Co’s October sales declined 4.6 percent and GKL’s fell 21.5 percent. Paradise Co’s table-game sales in October reached nearly KRW76.55 billion, up 12.7 percent from a year earlier. Machine-game sales grew 14.5 percent, to approximately KRW5.58 billion. The company’s October table drop – the amount exchanged by customers for chips at gaming tables – declined 2.2 percent year-on-year, to just under KRW595.90 billion. In the 10 months to October 31, 2026, Paradise Co’s aggregate casino sales reached KRW826.03 billion, a 10.9-percent increase from the prior-year period. The firm’s table drop for the period stood at nearly KRW6.37 trillion, up 7.1 percent from a year earlier. Paradise Co’s figures cover its four casinos: Walkerhill in Seoul; properties in Busan and Jeju; and Paradise City in Incheon. The latter is a venture with a unit of Japan’s Sega Sammy Holdings Inc. Meanwhile, GKL’s October table-game sales rose 3.7 percent year-on-year, to just below KRW26.09 billion. Machine-game sales declined 6.3 percent, to slightly under KRW3.20 billion. The company reported an October casino-drop amount of KRW336.38 billion, up 1.8 percent from a year earlier. GKL’s aggregate casino sales for the first 10 months of 2026 reached KRW366.52 billion, a 5.5-percent year-on-year increase. Casino drop for the period increased 8.7 percent, to just over KRW3.31 trillion. GKL runs three foreigner-only casinos under the Seven Luck brand: two in Seoul and one in Busan.