casinos reopened<\/a><\/em><\/strong> after the Covid-19 lockdown. <\/p>\n\n\n\nTable game sales fell by 29.2 per cent month-on-month and 77.5 per cent year-on-year to KRW7.81 billion (US$6.74 million). <\/p>\n\n\n\n
Machine sales dropped 7.1 per cent month-to-month and almost 70 per cent annually, to KRW1.60 billion (US$1.38 million). <\/p>\n\n\n\n
Sales totalled KRW169.43 billion (US$146.43 million) for the first nine months of the current year, down 53 per cent compared to the same period in 2019. <\/p>\n\n\n\n
The firm operates three foreigner-only casinos under the Seven Luck brand, one in Busan and two in Seul. They were closed from March 24 until early May. <\/p>\n\n\n\n
The operator is a subsidiary of the Korea Tourism Organization, which in turn is affiliated to South Korea\u2019s Ministry of Culture, Sports and Tourism.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Its casinos were closed from March to May and saw revenue drop 53 per cent year-on-year for the first nine months of 2020. <\/p>\n","protected":false},"author":2,"featured_media":10709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Grand Korea Leisure (GKL), a South Korean foreigner-only casino operator, reported a 76.5% year-on-year sales decline in September 2020, reaching KRW9.41 billion (US$8.1 million), and a 53% drop for the first nine months of the year. This severe downturn is attributed to casino closures from March to May due to the Covid-19 pandemic, significantly impacting its Seven Luck brand operations in Busan and Seoul.","focusai_entities":"Grand Korea Leisure, Korea Tourism Organization, Ministry of Culture, Sports and Tourism, Seven Luck","focusai_location":"South Korea, Busan, Seoul","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Recovery Strategy","query":"What specific operational adjustments or strategic initiatives is Grand Korea Leisure implementing to mitigate the ongoing impact of international travel restrictions and accelerate recovery in its foreigner-only casino segment?"},{"label":"South Korea Gaming Policy","query":"Given Grand Korea Leisure's affiliation with the Korea Tourism Organization, what potential policy shifts or government support measures are being considered to stabilize the South Korean foreigner-only casino market amidst prolonged GGR declines?"}],"footnotes":""},"categories":[161,16338,163],"tags":[17025,20100,152],"class_list":["post-10707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-grand-korea-leisure","tag-sales","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10707"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10707\/revisions"}],"predecessor-version":[{"id":19701,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10707\/revisions\/19701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10709"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}