Grand Korea Leisure posts sales of US$6.62m in July

Grand Korea Leisure (GKL) has reported KRW7.57bn (US$6.62m) in casino sales for July, down 48.5 per cent when compared to the previous month.

South Korea.- The South Korean operator of foreigner-only casinos Grand Korea Leisure (GKL) has reported that casino sales declined by 48.5 per cent month-on-month in July to KRW7.57bn (US$6.62m).

Table games generated KRW6.09bn, down 54.1 per cent month-on-month and down 47.8 per cent when compared to last year. Machine game sales declined 4.1 per cent to KRW1.48bn, down 41.4 per cent year-on-year.

In the first seven months of the current year, Grand Korea Leisure registered casino sales of KRW47.86bn, down 67.5 per cent year-on-year. Table games aggregate sales reached KRW40.30bn between January and July, down 69 per cent. Machine game sales were KRW7.56bn, down 56.7 per cent.

GKL reported a net loss for the first quarter of KRW37.43bn (US$33.4m). It also reported an operating loss of KRW46.64bn compared to an operating profit of KRW26.92bn in the same quarter last year.

Seoul under “Level 4” social distancing rules until at least August 9

Last week, authorities announced that Seoul will remain under “Level 4” social distancing rules until August 9. Casinos have a maximum daily capacity of no more than 30 per cent of their pre-pandemic norm and must close by 10pm.

GKL temporarily closed its Seven Luck Seoul Gangnam between July 20 and July 22 to carry out disinfection after a worker tested positive for Covid-19.

A week before, the casino operator announced a snap-closure at the Seven Luck Casino Millennium Seoul, which was closed as a “pre-emptive measure” aimed to avoid the spread of Covid-19 cases to protect the safety of customers and employees. The Seven Luck Seoul Gangnam was also previously closed a few days before, from July 10 to 12.