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Grand Korea Leisure confirms casinos closed until 18 January

Newsdesk by Newsdesk
Tue 5 Jan 2021 at 05:20
Grand Korea Leisure’s June casino sales down 68% on 2019 levels
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South Korean foreigner-only casino operator Grand Korea Leisure (GKL) says it will keep its casinos closed until at least 18 January following confirmation by the government that the nation’s strict social distancing measures would be extended by two weeks.

As reported by Inside Asian Gaming on Monday, those measures – in place since mid-December – will see Level 2.5 distancing, the second highest of Korea’s five tiers, maintained for the greater Seoul region and Level 2 for the remainder of the country.

In a Monday filing, GKL said its casinos at Gangnam COEX, Gangbuk Millenium Seoul Hilton and Busan Lotte Hotel, which have been closed for the past month, would remain shuttered until 18 January.

It also revealed that it expected a loss in casino sales of KRW21.5 billion (US$19.8 million) for the period based on average daily net sales from July to September 2020.

The Korea Disease Control and Prevention Agency (KCDA) revealed Monday that the number of new COVID-19 cases had jumped back up to 1,020 in the previous 24 hours, having fallen below 1,000 on the previous two days due to lower testing rates.

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Tags: covid-19GKLGrand Korea LeisureKorea Disease Control and Prevention AgencySouth Korea
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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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