Grand Korea Leisure Inc. (GKL), which operates foreign-only casinos in South Korea, saw a similar slump in casino sales in November compared with October, as did its market rival Paradise Inc., which reported November results last week. 파친코

Grand Korea\'s gaming sales in November dropped 55.9 percent in October to W4.09 billion. On a year-on-year basis, the results for November this year were down 25.4 percent.

Table sales fell 68.1% sequentially to 2.45 billion won in November this year, compared with a 40.1% year-over-year decline.

The reason for the deterioration in earnings was not given in a filing with the Korea Exchange on Monday.

Machine game sales rose 2.5% month-on-month to 1.64 billion won, up 17.5% year-on-year.

In the first 11 months of this year, Grand Korea Leisure\'s cumulative casino revenue was only KRW 79.45 billion, of which 82.5% is supplied to the table game business.

However, casino cumulative revenue fell 57.3% year-over-year.

Grand Korea Leisure is a subsidiary of the Korea Tourism Organization, which is affiliated with the Ministry of Culture, Sports and Tourism in Korea.

The casino operator operates three foreigner-only casinos in Korea under the Seven Luck brand, with two in the capital city of Seoul and one in the southern port city of Busan.