have been closed since November 24<\/a><\/em><\/strong> and the Busan casino since December 1 due to Covid-19 countermeasures. They were due to reopen today.<\/p>\n\n\n\nThe firm has estimated that its lost revenue will total KRW32.58bn (US$29.2m), up from KRW27.05bn.<\/p>\n\n\n\n
Grand Korea Leisure is a subsidiary of the Korea Tourism Organization, which in turn is affiliated to South Korea\u2019s Ministry of Culture, Sports and Tourism.<\/p>\n","protected":false},"excerpt":{"rendered":"
The casino operator has announced a two-week extension to the shutdown of all its venues in South Korea.<\/p>\n","protected":false},"author":2,"featured_media":14002,"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 announced a two-week extension to the shutdown of its foreigner-only casinos in Seoul and Busan, now until February 15, due to ongoing COVID-19 countermeasures. This prolonged operational disruption is projected to increase the operator's lost gross gaming revenue (GGR) to KRW32.58bn (US$29.2m). The decision impacts a key subsidiary of the Korea Tourism Organization, highlighting the continued regulatory challenges for land-based gaming verticals.","focusai_entities":"Grand Korea Leisure, Korea Tourism Organization, South Korea\u2019s Ministry of Culture, Sports and Tourism","focusai_location":"South Korea, Seoul, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Financial Outlook","query":"Given the cumulative KRW32.58bn GGR loss, what is the revised EBITDA forecast for Grand Korea Leisure, and how might this impact its dividend policy or capital structure, particularly as a subsidiary of the Korea Tourism Organization?"},{"label":"Regulatory Support Mechanisms","query":"What specific regulatory relief or financial support mechanisms, if any, are being considered by the Ministry of Culture, Sports and Tourism for state-affiliated gaming operators like GKL to mitigate the economic impact of prolonged, government-mandated closures?"}],"footnotes":""},"categories":[160,16338,23876],"tags":[17025],"class_list":["post-13998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-social-news","tag-grand-korea-leisure"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13998","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=13998"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13998\/revisions"}],"predecessor-version":[{"id":14047,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13998\/revisions\/14047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14002"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=13998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=13998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=13998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}