One month in the wake of seeing its gambling club deals take off by 334% month-on-month, South Korean outsider just gambling club administrator Grand Korea Leisure came crashing back to earth in April with club deals falling 80.6% consecutively to KRW5.77 billion (US$4.6 million).
According to a casino directory, the April figure was additionally 34.6% lower than April 2021, when GKL revealed gambling club deals of KRW8.83 billion (US$7.1 million).
Not a glaringly obvious explanation was given for the month to month decline, which unexpectedly came after Korea had dropped a necessity for worldwide appearances to isolation for seven days starting around 1 April 2022.
Grand Korea Leisure Reports
As per a recording with the Korea Exchange, GKL saw table game deals fall 86.6% in April to KRW3.75 billion (US$3.0 million) while machine deals expanded by 12.5% to KRW2.03 billion (US$1.6 million).
Table drop for the month fell 17.9% contrasted with March with KRW105.02 billion (US$83.9 million).
For the initial four months of 2022, club deals are still up 240.5% to KRW52.07 billion (US$41.6 million) with table drop up 238.6% to KRW393.57 billion (US$314.4 million).
GKL works three gambling clubs in South Korea – Gangnam COEX and Gangbuk Millenium Seoul Hilton in Seoul, and Seven Luck Casino Busan Lotte.