Grand Korea Leisure

    Website: http://www.grandkorea.com/

    GKL, a subsidiary of Korea Tourism Organization that operates Seven Luck casino, a foreigners-exclusive casino, is a public enterprise established for the following purposes to attract more foreign tourists to enhance the international competitiveness of the Korean casino industry and to use the revenue generated from casino operations to invest in building tourism-related infrastructures and public projectsGKL. is at the center of the Korean tourism industry in contributing to the development of the national economy. It will give its best to establish a positive image of the casino industry by promoting various activities that contribute to the society. In addition, all employees of GKL are making efforts under the top-priority corporate scheme to overcome any negative views and biases of the casino industry.

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    GKL May sales slip 3 percent

    Grand Korea Leisure reported a 2.9 percent decline in casino sales for May, pulled down by a drop in revenue from table games.

    Mixed results for Korea’s casino operators in 19Q1

    South Korea’s casino operators saw mixed results in the first quarter of 2019, with some, such as Kangwon Land, reporting a 13.3 percent rise in net profit, while others, such as Grand Korea Leisure, reporting a halving of net profit in the same quarter. Kangwon Land, known as Korea’s only locals-permitted casino was able to […]

    S. Korea state mint to develop chips for GKL

    South Korea’s state mint has agreed to use its advanced anti-forgery technology to develop a new line of chips for Grand Korea Leisure, the operator of Seven Luck casino. According to reports, a memorandum of understanding was signed between Korea Minting and Security Printing Corporation and Grand Korea Leisure (GKL) on Monday, which will involve […]

    GKL bottom of the class in government review

    Grand Korea Leisure came out with the lowest possible rating in an annual government evaluation of management performance, local media reported.

    Korea casino stocks rally on North optimism

    Shares in South Korea’s casino operators rallied on Tuesday ahead of a summit between U.S. President Donald Trump and North Korea’s Kim Jong-Un on hopes for greater cross border cooperation, Yonhap reports.

    China does U-turn on South Korea tours

    China appears to have renewed its ban on travel groups to South Korea, dealing a further blow to the country’s tourism industry. According to South Korean media reports, Chinese authorities rejected a request by a group of nationals to visit South Korea later this week. The tourists were supposed to leave for South Korea on […]

    Chinese tourist decline will hurt Paradise City

    South Korea’s Paradise City may face hard yards due to a ban on Chinese tour groups to the country, notes Bloomberg Intelligence analyst Margaret Huang in a report earlier this month. “The $1.1 billion, mass-market oriented property had hoped to capture Chinese visitors with a Korean culture theme… Yet the travel ban is likely to […]

    Gambling nets Seoul $54.5b over 15 years

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    GKL raided over ongoing political corruption scandal

    Grand Korea Leisure is the latest company to be entangled in an ongoing corruption scandal involving South Korean President Park Geun-Hye, local media reports. On Wednesday, prosecutors raided the homes of two former presidential secretaries of President Park Geun-hye’s confidant Choi Soon-sil. Prosecutors also raided casino operator Grand Korea Leisure (GKL), securing computers, documents and […]

    GKL posts 22.9 percent rise in net income in 16Q3

    South Korean casino operator Grand Korea Leisure posted strong results for the third quarter of 2016, according to a filing to the Korea Exchange. The foreigner-only casino, which owns Seven Luck Casino, posted a 22.9 percent rise in net income in the third quarter of 2016, at KRW 27.8 billion ($24.3 million). Revenue for the […]

    Korean stocks reliant on Chinese tourists take hit

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    GKL earnings down 13.2 percent, above estimates

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    Kangwon Land unaffected by China squeeze

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    GKL posts weaker-than-expected Q4 as China VIPs decline

    Grand Korea Leisure posted below consensus Q4 results as the number of China VIP visitors continued to decline. Total sales fell 17 percent to KRW 123 billion ($100.6 million) as the number of Chinese VIPs fell by 37 percent. The company posted an operating profit of KRW 22 billion, below the average forecast for KRW […]

    Expect weak results for GKL and Paradise; Morgan Stanley

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    IR oversupply will pressure margins in S. Korea, Morgan Stanley says

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    Lee Ki-Woo appointed CEO of Grand Korea Leisure

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    NagaCorp, GKL pull out of Korea license auction

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    China arrests South Koreans for luring Chinese to casinos

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