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    GKL profit down 6.9 percent in 2019

    South Korean casino operator Grand Korea Leisure saw its profit fell 6.9 percent to KRW72.4 billion (US$61.2 million) in 2019. In a regulatory filing, the company said it posted KRW 96.8 billion in operating profit for the year, while annual revenue rose 2.2 percent to KRW490.8 billion. The casino operator said it delivered strong fourth-quarter […]

    Dragon Inc secures deal with Seven Luck Casino

    A blockchain focused casino and VIP solution provider, Dragon Inc, has established a partnership with South Korea casino Seven Luck to develop its VIP rooms with gaming oriented cryptocurrency. The company made headlines in September last year after announcing plans for a floating casino in Macau, raising funds through an ICO. The company was also […]

    Grand Korea Leisure sales drop 18 percent in 15Q3

    Grand Korea Leisure reported an 18 percent decline in year-on-year sales in 15Q3 to KRW111.27 billion ($96.2 million) and a 9.1 percent drop from the previous quarter. The company’s net income saw a big drop of 41.5 percent from the previous year’s period to KRW22.57 billion, though was up 21.8 percent on the previous quarter […]