International edition
May 11, 2021

The company's three properties in Seoul and Busan

Grand Korea Leisure's casinos to remain closed until mid-February

Grand Korea Leisure's casinos to remain closed until mid-February
GKL said Monday it currently anticipates a loss in casino sales of KRW32.6 billion (US$29.2 million) for the extended closure period based on average daily net sales from July to September 2020.
Korea | 02/02/2021

After the government's announcement that current COVID-19 restrictions aimed at curbing the latest outbreak of the virus would be retained for another two weeks.

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rand Korea Leisure (GKL) announced an extension of the closure of its three casinos in Seoul and Busan for another two weeks after the government also extended current COVID-19 restrictions aimed at curbing the latest outbreak of the virus.

Those restrictions include maintaining a Level 2.5 alert – the second-highest of South Korea’s five alert tiers – across Greater Seoul and Level 2 alert for the rest of the country, IAG reports.

Although the situation is gradually improving, the extended alerts mean there is no immediate reopening in sight for GKL with Gangnam COEX, Gangbuk Millenium Seoul Hilton and Seven Luck Casino in Busan Lotte will all remain closed until at least 9am on 15 February.

Both Seoul properties suspended operations on November 24 and the Busan casino on 1 December in response to rising COVID-19 numbers, which soared past 1,000 new infections per day in December.

GKL said Monday it currently anticipates a loss in casino sales of KRW32.6 billion (US$29.2 million) for the extended closure period based on average daily net sales from July to September 2020.

Fellow foreigner-only casino operator Paradise Co continues to operate its casinos in Seoul, Busan and Incheon, having briefly closed Paradise Walkerhill in Seoul in December.

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