It would seem that the gambling industry only has so much wealth to spread around in South Korea. Grand Korea Leisure Ltd (GKL) has reported a year over year decline of 12.7% in February, GGRAsia reports.
In total, the company had casino sales of KRW31.82 billion (US$28.1 million). That number also represented an 8.3% decrease when compared to January. The biggest culprit for the decline was a 14.2% decrease in table game sales, but machine game sales also fell by 3.1%.
This isn’t just a bad for GKL, it’s a blow for Korea. The operator, who runs three foreigner-only casinos in the country, is part of the Korea Tourism Organization, a body with close ties to South Korea’s Ministry of Culture, Sports and Tourism.
Even though this was a decrease from January, February wasn’t much better. Overall, 2019 income is down 18.8% year over year, again largely due to table games, which is down 20.9% year over year.