On November 8, Grand Korea Leisure Co Ltd (GKL) announced that profits for the third quarter of 2019 was at KRW25.29 billion (US$21.9 million), 4.1% less than what the company reported for the same quarter last year. This, despite the fact that the South Korean casino operator reported a 2.3% increase in overall sales for the third quarter in comparison to that of last year.

The gambling market in South Korea continues to expand and provide prosperous opportunities for other operators. Early last week, Paradise Co. announced a 15.4% increase in revenue for the month of October, posting an overall revenue of KRW80.90 billion ($69.8 million). That was the eighth straight month that they have increased their revenue over the prior month.

However, that is not the case at GKL. They report just a 1% increase in casino sales in October in comparison to sales in October 2018. That saw the company earn KRW36.45 billion ($31.4 million) from their casino sales.

The 1% increase from the prior year is still positive, but that is an 8.9% decrease in revenue from September. Also, while table game sales increased by 3.8% over October of last year, machine game sales decreased remarkably, falling by 18.1%.