South Korea casino GKL Busan confirms shutdown

South Korea casino GKL Busan confirms shutdown

Grand Korea Leisure has confirmed the closure of another casino due to pandemic measures.

South Korea.- Grand Korea Leisure Co (GKL), which manages foreigner-only casinos in the country, has confirmed that its Busan Lotte venue has closed due to a new wave of Covid-19 infections.

The closure wil run until 9am on December 15, according to a filing by the company.

Grand Korea Leisure had previously confirmed that two resorts in Seoul, Gangnam Coex Seoul and Gangbuk Millennium Seoul Hilton, would close from 12am on November 24 until 9am on December 8.

As a result of the Busan shutdown, the firm has increased its estimate of the economic impact of the new shutdowns to KRW5.5bn (US$5m) based on average daily net sales for July to September.

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