{"id":15327,"date":"2021-03-01T16:07:46","date_gmt":"2021-03-01T16:07:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15327"},"modified":"2026-04-23T21:27:59","modified_gmt":"2026-04-24T00:27:59","slug":"gkl-extends-seoul-casinos-closure-until-march-15","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/gkl-extends-seoul-casinos-closure-until-march-15","title":{"rendered":"GKL extends Seoul casinos closure until March 15"},"content":{"rendered":"\n<p>Grand Korea Leisure has extended the closure of its two Seoul casinos for another two weeks due to ongoing Covid-19 countermeasures.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- Grand Korea Leisure has extended <strong>the closure of its two foreigner-only casinos in Seoul<\/strong>, Gangnam COEX and Gangbuk Millenium Seoul Hilton, until March 15.<\/p>\n\n\n\n<p>Operations at the two casinos <strong>have suspended operations since November 24<\/strong>. It&#8217;s calculated that the closures will cost the company KRW42.78bn (US$38m) in lost revenue.<\/p>\n\n\n\n<p>The company<strong> reopened its third casino<\/strong>, the Seven Luck Casino in Busan Lotte, on February 15, following its closure on December 1.<\/p>\n\n\n\n<p>Grand Korea Leisure has <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/gkl-casino-sales-drop-62-in-2020\" target=\"_blank\"><strong>reported a loss of KRW64.33bn (US$57.6m)<\/strong><\/a><\/em> during 2020 due to Covid-19 countermeasures.<\/p>\n\n\n\n<p>South Korea has recorded<strong> 90,029 Covid-19 cases<\/strong> since January 3, 2020, an increase of 355 in the last 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Korea Leisure has extended the closure of its two Seoul casinos for another two weeks due to ongoing Covid-19 countermeasures.<\/p>\n","protected":false},"author":176,"featured_media":15329,"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 has extended the closure of its two Seoul-based foreigner-only casinos, Gangnam COEX and Gangbuk Millenium Seoul Hilton, until March 15, citing ongoing Covid-19 countermeasures. This prolonged operational suspension, in effect since November 24, is projected to result in a KRW42.78bn (US$38m) revenue loss, contributing to the company's reported KRW64.33bn (US$57.6m) loss for 2020.","focusai_entities":"Grand Korea Leisure, Seven Luck Casino","focusai_location":"South Korea, Seoul, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q1 Outlook","query":"What is the projected impact of these extended closures on Grand Korea Leisure's Q1 2021 gross gaming revenue (GGR) and net gaming revenue (NGR) forecasts, and how does this affect their full-year guidance?"},{"label":"Regulatory Framework Adaptations","query":"How are South Korean regulatory bodies adapting governance frameworks to support licensed operators facing prolonged operational disruptions due to public health mandates, and what relief measures are being considered?"}],"footnotes":""},"categories":[161,16338,23876],"tags":[492,17025,23907],"class_list":["post-15327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-social-news","tag-gkl","tag-grand-korea-leisure","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15327","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15327"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15327\/revisions"}],"predecessor-version":[{"id":15359,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15327\/revisions\/15359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15329"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}