Grand Korea Leisure’s revenue increased from KRW507m (US$448,000) in February to KRW5.95bn (US$5.3m) in March.<\/p>\n\n\n\n\n\n\n\n
South Korea.- Grand Korea Leisure (GKL) has started to see signs of slow recovery after the Covid-19 pandemic and several lockdowns<\/strong>.<\/p>\n\n\n\n The South Korean foreigner-only casino operator saw revenue up more than ten-fold in March<\/strong>, up from KRW507m (US$448,000) in February<\/strong> to KRW5.95bn (US$5.3m<\/strong>).<\/p>\n\n\n\n Although GKL’s three casinos are now operational, revenue was still 49.1 per cent lower than March 2020<\/strong>, when revenue was KRW11.68bn (US$10.4m).<\/p>\n\n\n\n All three casinos\u00a0were temporarily closed for periods in 2020<\/strong>. The Seven Luck Casino Busan Lotte in Busan reopened last month and GKL’s two Seoul casinos returned to activity on March 15.<\/strong><\/p>\n\n\n\n Grand Korea Leisure’s sales have been deeply affected by Covid-19 countermeasures<\/a><\/em> and closures. The company reported a loss of KRW64.33bn (US$57.6m) for 2020<\/a><\/em>, compared to a profit of nearly KRW72.40bn in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":" Grand Korea Leisure’s revenue increased from KRW507m (US$448,000) in February to KRW5.95bn (US$5.3m) in March.<\/p>\n","protected":false},"author":176,"featured_media":16633,"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 significant revenue increase from KRW507m in February to KRW5.95bn in March, signaling a slow recovery post-Covid-19 lockdowns. Despite this month-on-month growth, March 2021 revenue remained 49.1% lower than March 2020, following a substantial KRW64.33bn loss in 2020 compared to a profit in 2019.","focusai_entities":"Grand Korea Leisure, GKL, Seven Luck Casino Busan Lotte","focusai_location":"South Korea, Busan, Seoul","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Recovery Drivers?","query":"What specific operational or market factors are driving Grand Korea Leisure's month-on-month revenue recovery, and how sustainable are these trends given the ongoing global travel restrictions?"},{"label":"Market Outlook?","query":"How does Grand Korea Leisure's current revenue trajectory compare to pre-pandemic levels, and what is the projected timeline for a full return to 2019 GGR figures, considering the foreigner-only market constraint?"}],"footnotes":""},"categories":[28,16338],"tags":[492,17025,23907],"class_list":["post-16632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-gkl","tag-grand-korea-leisure","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16632","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=16632"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16632\/revisions"}],"predecessor-version":[{"id":16659,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16632\/revisions\/16659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16633"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}