{"id":15695,"date":"2026-04-07T08:30:00","date_gmt":"2026-04-07T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=15695"},"modified":"2026-04-06T20:05:12","modified_gmt":"2026-04-07T01:05:12","slug":"south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes\/","title":{"rendered":"South Korea casino revenues drop up to 40% in March despite higher betting volumes"},"content":{"rendered":"\n<p>South Korea\u2019s casino sector showed a sharp correction in <strong>March 2026<\/strong>, with revenue declines of up to <strong>-39.6% year-on-year<\/strong>, despite rising betting activity. Data from <strong>Grand Korea Leisure (GKL),<\/strong> led <strong>by Young-San Kim,<\/strong> and <strong>Paradise Co, <\/strong>led<strong> by Lim Jun-shin,<\/strong> highlights a growing disconnect between volume and profitability in a market valued at <strong>approximately US$2.3 billion annually.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"575\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3.jpg\" alt=\"\" class=\"wp-image-14037\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3-300x173.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3-768x442.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>In March 2026, GKL reported casino revenue of <strong>KRW 32.0 billion (US$21.2M)<\/strong>, down from around <strong>KRW 41.5 billion<\/strong> in <strong>March 2025 (-22.8% YoY)<\/strong>. However, total betting volume (\u201cdrop\u201d) increased <strong>+13.5% YoY <\/strong>to <strong>KRW 339.3 billion<\/strong>, indicating stronger player activity. On a monthly basis, revenue rose <strong>+16% versus February 2026<\/strong>, suggesting partial recovery after a weaker start to the year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"394\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes2.jpg\" alt=\"\" class=\"wp-image-15697\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes2.jpg 624w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes2-300x189.jpg 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/figure>\n\n\n\n<p>The decline was more severe at Paradise Co, which <strong>posted KRW 49.5 billion (US$32.8M) in March 2026<\/strong>, compared to roughly <strong>KRW 82.0 billion in March 2025 (-39.6% YoY)<\/strong> and <strong>-44% month-on-month<\/strong>. Despite this, table drop increased +9.7% versus February, reaching <strong>KRW 587.7 billion<\/strong>, while Q1 2026 revenue remained slightly <strong>positive (+1.8% YoY).<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"635\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes3-1024x635.jpg\" alt=\"\" class=\"wp-image-15696\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes3-1024x635.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes3-300x186.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes3-768x476.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes3.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The data points to a clear microeconomic pressure: <strong>more players, but lower monetization per table, particularly within VIP segments where win rates declined<\/strong>. At a macro level, South Korea\u2019s casino model\u2014restricted to foreign players under the <strong>Tourism Promotion Act<\/strong>\u2014amplifies volatility, as revenues depend heavily on international tourism flows and spending patterns.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"636\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes.png\" alt=\"\" class=\"wp-image-15698\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes-300x191.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/04\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes-768x488.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>No major new fiscal regulations were introduced in April 2026, although a recent sector-wide agreement led by the Ministry of Culture, Sports and Tourism has increased operational oversight. Meanwhile, inflation pressures <strong>(CPI 118.8 in March)<\/strong> and rising regional competition are weighing on discretionary spending.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"575\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3.jpg\" alt=\"\" class=\"wp-image-14037\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3-300x173.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3-768x442.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>The contrast is structural: the industry grew <strong>+18.3% in 2025<\/strong>, yet March 2026 exposes its fragility. South Korea now faces a strategic decision\u2014maintain its restrictive model or introduce reforms to stabilize revenues in an increasingly competitive Asian gaming landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s casino sector showed a sharp correction in March 2026, with revenue declines of up to -39.6% year-on-year, despite rising betting activity. Data from Grand Korea Leisure (GKL), led by Young-San Kim, and Paradise Co, ledby Lim Jun-shin, highlights a growing disconnect between volume and profitability in a market valued at approximately US$2.3 billion annually.<\/p>\n","protected":false},"author":1,"featured_media":15698,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[2323,57,5021,5020,2694,2396],"class_list":{"0":"post-15695","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sin-categoria","8":"tag-asia","9":"tag-casinos","10":"tag-gkl","11":"tag-grand-korea-leisure","12":"tag-paradise-co","13":"tag-south-korea","14":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea casino revenues drop up to 40% in March despite higher betting volumes - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"South Korea\u2019s casino sector showed a sharp correction in March 2026, with revenue declines of up to -39.6% year-on-year, despite rising betting activity. Data from Grand Korea Leisure (GKL), led by Young-San Kim, and Paradise Co, ledby Lim Jun-shin, highlights a growing disconnect between volume and profitability in a market valued at approximately US$2.3 billion annually.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casino-revenues-drop-up-to-40-in-march-despite-higher-betting-volumes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea casino revenues drop up to 40% in March despite higher betting volumes - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s casino sector showed a sharp correction in March 2026, with revenue declines of up to -39.6% year-on-year, despite rising betting activity. 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