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Grand Korea Leisure extends closure period to May 6

Kangwon Land extends its closure for the fifth time
Kangwon Land extends its closure for the fifth time

GKL operates three foreigner-only casinos in Seoul and Busan under the Seven Luck brand.

South Korean casino operator, Grand Korea Leisure, will keep its doors closed until May 6 to prevent the further spread of Coronavirus.

The company first suspended operations on March 24 for two weeks. The closure was then extended for two more weeks and then again until today.

GKL operates three foreigner-only casinos in Seoul and Busan under the Seven Luck brand. GSK is predicting a €13million loss as a result of the first two-week closure period alone.

In January and February, Grand Korea Leisure was posting strong results generating KRW48.9billion (€36million) for the two-month period, which was up 48 per cent on the same period last year.

Grand Korea Leisure employs over 1,800 people, including head office and casino staff, of which about 80 per cent have now been put on paid leave.

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