It may not be a Charles Dickens novel, but the third quarter proved to be the best of times for some South Korean casino operators and the worst of times for others. This according to an analysis of the filings with the Hong Kong Stock Exchange.

For the only locally owned casino in South Korea, Kangwon Land, it was a positive quarter. With an increase in sales, the casino operator saw an increase and overall revenue. The total net profit reported by KRW reached a total of KRW 128.6 billion ($111 million), increasing 37.9 percent.

Operating profit for the period was KRW139.2 billion ($120 million), up 12.3 percent. That was a 37.9% increase over the same period of time in 2018. Total revenue rose by 9.9% to a total of 405.5 billion won ($350 million).

While the news was positive for Kangwon Land, the same cannot be said for two of their foreign-owned competitors. Grand Korea Leisure reported a sizable decrease in profits despite the fact that sales increased during the third quarter of 2019. Profits decreased by 4.1% to a total of KRW25.29 billion ($21.9 million) for the three months.