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Covid test removal for Chinese and HK visitors boost Korean casino profits

Published date: 2023-04-04

South Korean foreigner-only casino operator Grand Korea Leisure (GKL) saw its revenues continue to rise in March, with casino revenue up 30.2% year-on-year and 5.2% month-on-month to KRW38.7 billion (US$29.6 million).

According to information filed with the Korea Exchange, GKL’s March result was driven by a 28.1% year-on-year improvement in table games revenue to KRW35.8 billion (US$27.4 million) and a 62.0% increase in machine revenue to KRW2.92 billion (US$2.23 million).

For the first three months of 2023 combined, casino revenue has KRW107.6 billion (US$82.2 million), representing a 132.3% increase over the same period last year.


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