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Home Gaming NewsGeneral News Grand Korea Leisure extends closure amid a pandemic

Grand Korea Leisure extends closure amid a pandemic

by [email protected]
Grand Korea Leisure extends closure amid a pandemic

Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, says closure of its two Seoul venues and one Busan venue will be extended until 9am on January 4, from a prior end date of 9am on Tuesday (December 29).

As a result, Grand Korea Leisure has also upped its estimate of lost sales, to KRW16 billion (US$14.6 million), from KRW13.6 billion.

The same day, Paradise Co Ltd, another operator of foreigner-only casinos in that nation, told the bourse that its Paradise Casino Walkerhill, in Seoul, would extend its closure period from an original end date of 6am on Tuesday, to 7am on January 4.

The Grand Korea Leisure sites staying shuttered until January 4 are Gangnam COEX and Gangbuk Hilton in Seoul, and Busan Lotte in the southern port city of Busan.

The Seoul sites had closed on a temporary basis on November 24. The Busan venue had shut down on December 1.

Grand Korea Leisure said that the reason for the extended Seoul closures was “due to the upgrade to Level 2.5 in the metropolitan area” regarding Covid-19 social distancing measures, and “the maintenance of Level 2” protocols in Busan.

Grand Korea Leisure is a subsidiary of the Korea Tourism Organization, which in turn is affiliated to South Korea’s Ministry of Culture, Sports and Tourism.

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