{"id":12262,"date":"2020-12-01T10:32:04","date_gmt":"2020-12-01T10:32:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=12262"},"modified":"2026-04-23T23:36:39","modified_gmt":"2026-04-24T02:36:39","slug":"south-korea-casino-gkl-busan-confirms-shutdown","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/south-korea-casino-gkl-busan-confirms-shutdown","title":{"rendered":"South Korea casino GKL Busan confirms shutdown"},"content":{"rendered":"\n<p>Grand Korea Leisure has confirmed the closure of another casino due to pandemic measures.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>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.<\/p>\n\n\n\n<p>The closure wil run until 9am on December 15, according to a filing by the company.<\/p>\n\n\n\n<p><strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/seoul-casinos-enter-lockdown-again\" target=\"_blank\">Grand Korea Leisure had previously confirmed that two resorts in Seoul<\/a><\/em><\/strong>, Gangnam Coex Seoul and Gangbuk Millennium Seoul Hilton, would close from 12am on November 24 until 9am on December 8.<\/p>\n\n\n\n<p>As a result of the Busan shutdown, <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/gkl-expects-us-4-6m-losses-due-to-new-lockdown\" target=\"_blank\">the firm has increased its estimate<\/a><\/em><\/strong> of the economic impact of the new shutdowns to KRW5.5bn (US$5m) based on average daily net sales for July to September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Korea Leisure has confirmed the closure of another casino due to pandemic measures.<\/p>\n","protected":false},"author":2,"featured_media":12264,"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) has confirmed the temporary closure of its Busan Lotte casino until December 15 due to a new wave of COVID-19 infections, following earlier shutdowns of its Seoul venues. This operational disruption is projected to incur an estimated KRW5.5bn (US$5m) economic impact, calculated based on average daily net sales from July to September.","focusai_entities":"Grand Korea Leisure Co (GKL)","focusai_location":"South Korea, Busan, Seoul","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Revenue Impact?","query":"What is the projected quarterly revenue impact of these cumulative closures on Grand Korea Leisure's Q4 2020 financial performance, considering the previous Seoul shutdowns?"},{"label":"Operational Contingency?","query":"How is Grand Korea Leisure adapting its operational contingency frameworks to mitigate ongoing pandemic-related disruptions and ensure long-term business continuity?"}],"footnotes":""},"categories":[160,28,158,16333],"tags":[29,152],"class_list":["post-12262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-slider-home","category-south-east-asia-news","tag-casino","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12262","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=12262"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12262\/revisions"}],"predecessor-version":[{"id":12267,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12262\/revisions\/12267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12264"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}