{"id":17611,"date":"2021-05-06T16:15:05","date_gmt":"2021-05-06T16:15:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17611"},"modified":"2026-04-23T19:45:19","modified_gmt":"2026-04-23T22:45:19","slug":"south-korean-casinos-visits-down-71-3-in-2020","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/south-korean-casinos-visits-down-71-3-in-2020","title":{"rendered":"South Korean casinos visits down 71.3% in 2020"},"content":{"rendered":"\n<p>In 2020 South Korean casinos received only 1,760,232 visits, down from 6,128,952 in 2019.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- The government has reported that visits to\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korean-casino-employee-numbers-fall-in-2020\">South Korean casinos<\/a>\u00a0declined by\u00a0<strong>71.3 per cent year-on-year<\/strong>\u00a0to 1,760,232 in 2020.<\/p>\n\n\n\n<p>Gambling cash turnover was\u00a0<strong>down 64.5 per cent<\/strong>\u00a0when compared to the previous year to<strong> KRW1.04tn (US$926.53m)<\/strong>, compared to KRW2.93tn in 2019.\u00a0<\/p>\n\n\n\n<p>South Korea\u2019s\u00a0<strong>16 foreigner-only casinos have been deeply affected\u00a0<\/strong>by the lack of tourists, recording a\u00a0<strong>58.8 decline in casino turnover\u00a0<\/strong>from KRW1.45tn to KRW597.8bn in 2020.<\/p>\n\n\n\n<p>State-run casino operator\u00a0<strong>Kangwon Land, which allows locals to bet,\u00a0<\/strong>reported that its gambling\u00a0<strong>sales revenue fell 70 per cent year-on-year<\/strong>, from KRW1.48tn to KRW443.5bn.<\/p>\n\n\n\n<p>Only<strong>\u00a017,502,756 tourists visited South Korea in 2020\u00a0<\/strong>due to ongoing Covid-19 countermeasures, an 85.6 per cent decline when compared to 2019, when 2,519,118 tourists arrived in the country.<\/p>\n\n\n\n<p>The Ministry of Culture, Sports and Tourism has allowed <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korean-casinos-allowed-to-postpone-sales-taxes-payment\">South Korean casinos<\/a><strong>\u00a0<\/strong>to<strong>\u00a0postpone their sales tax payments<\/strong>\u00a0for at least 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2020 South Korean casinos received only 1,760,232 visits, down from 6,128,952 in 2019.<\/p>\n","protected":false},"author":176,"featured_media":17621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"South Korean casinos experienced a severe downturn in 2020, with visits declining by 71.3% and gambling cash turnover by 64.5% year-on-year, primarily due to the lack of international tourism amidst Covid-19 countermeasures. Foreigner-only casinos and state-run Kangwon Land reported significant revenue drops, prompting the Ministry of Culture, Sports and Tourism to allow sales tax payment postponements for at least 12 months.","focusai_entities":"Kangwon Land, Ministry of Culture, Sports and Tourism","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Recovery Outlook?","query":"What are the projected timelines and key performance indicators for the recovery of South Korea's casino GGR and visitation rates, particularly for the foreigner-only segment, post-pandemic?"},{"label":"Policy Impact?","query":"How effective has the Ministry of Culture, Sports and Tourism's sales tax deferral been in mitigating financial distress for South Korean casino operators, and what further policy interventions are anticipated?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23907],"class_list":["post-17611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17611","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=17611"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17611\/revisions"}],"predecessor-version":[{"id":17649,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17611\/revisions\/17649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17621"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}