Grand Korea Leisure extends its casino closure

Grand Korea Leisure Ltd (GKL), operator of foreigner-only casinos in South Korea, announced it will extend the temporary shutdown of its venues. The closure of Gangnam COEX and Gangbuk Hilton in Seoul, and Busan Lotte in Busan will shift from the initial 29 December to 4 January 2021.

seoulcity

Seoul venues were closed at the end of November while the Busan property was temporarily shut on 1 December. The shutdown was meant to help stop the spread of COVID-19 cases, as Korea still struggles to curb the rise in cases.

According to GGRAsia, GKL is a subsidiary of the Korea Tourism Organization, and in turn is connected to the country’s Ministry of Culture, Sports and Tourism.

GKL stated the extension to closures will allow casinos to prepare better safety measures; venues in Seoul are set to Level 2.5 in the metro area and Level 2 in Busan.

As a result of the extended closures, the company increased its estimate in lost sales from KRW13.6bn ($12.5m) to KRW16bn.

While not as active in closing down its venues, Paradise Co Ltd, another foreigner-only operator, announced on 15 December it will close its Paradise Casino Walkerhill as well, and extend its closure to 4 January.


Asia News Sponsor
Premium+ Connections
Premium

Sport Generate

 
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium

RISK

 
Premium

GammaStack

 
Premium

Lynon

 
Premium

Galaxsys

 
 
Premium

Revsharks

 
Premium

Imagine Live

 
Premium

1xBet Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...