Increase in Japanese Visitors and Drop Amount... GKL's Q2 Operating Profit Up 30.5% Year-on-Year

Consolidated Operating Profit Reaches KRW 20.8 Billion; Revenue Up 19% to KRW 120.5 Billion

First Half Revenue and Operating Profit Climb 9.6% and 7.9% Year-on-Year

Interim Dividend of KRW 60 Per Share to Be Paid on August 10

Grand Korea Leisure (GKL), which operates the foreigner-only Seven Luck Casino, reported improved business results in the second quarter of this year, driven by an increase in visitor numbers—especially from Japan—and a higher drop amount (the amount of money customers spend to purchase gaming chips for casino games).

On August 11, GKL announced that, on a consolidated basis, its second-quarter operating profit was provisionally tallied at 20.8 billion won, up 30.5% year-on-year. During the same period, revenue rose by 19.3% to 120.5 billion won, and net profit increased by 6.2% to 18 billion won.

In detail, the casino drop amount in the second quarter reached 1.984 trillion won, representing a 13.9% increase compared to the same period last year. Correspondingly, casino revenue also grew by 8.24% to 227.2 billion won. The total number of casino visitors during this period was 553,000, a 15.02% rise from last year. By nationality, Japanese visitors accounted for the largest proportion, numbering around 209,000, a 29.89% increase year-on-year. The number of Chinese visitors also rose by 2.71% to 220,000.

For the first half of this year, GKL recorded revenue of 231.1 billion won and operating profit of 39 billion won, representing increases of 9.6% and 7.9%, respectively, compared to the same period last year. GKL stated, "In order to attract international casino customers, we are actively conducting marketing activities, including dispatching employees to major Asian countries such as Japan, Taiwan, Mongolia, and Thailand to directly meet VIP customers."

Meanwhile, on this day, GKL held a board meeting and resolved to pay an interim cash dividend of 60 won per common share. The total dividend amount is set at 3.7 billion won, with the record date scheduled for the 27th of this month, and the payment date set for the 10th of next month.

This content was produced with the assistance of AI translation services.