\u00a0<\/strong>have been allowed to delay the payment of some Tourism Promotion and Development Fund fees until June 2022 due to the difficulties the industry continues to face due to the Covid-19 pandemic.\u00a0<\/p>\n\n\n\n<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Grand Korea Leisure (GKL) has reported a 55.9 per cent decline in revenue month-on-month, to KRW4.1bn (US$3.5m).<\/p>\n","protected":false},"author":176,"featured_media":25298,"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) reported a significant 55.9% month-on-month and 25.4% year-on-year decline in November revenue, primarily driven by underperformance in table games at its Seoul Gangnam Casino. Despite a slight increase in machine game sales, overall casino sales for the first eleven months of the year remain substantially down by 57.3% year-on-year. Regulatory relief, including deferred Tourism Promotion and Development Fund fees, has been extended to support the struggling South Korean foreigner-only casino sector.","focusai_entities":"Grand Korea Leisure (GKL), Seoul Hilton Casino, Busan Lotte Casino, Seoul Gangnam Casino","focusai_location":"South Korea, Seoul, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Revenue Mitigation Strategy?","query":"What is GKL's strategy for mitigating the continued decline in table game revenue and attracting foreign patrons amidst ongoing travel restrictions?"},{"label":"Fund Fee Impact on GKL?","query":"How do the deferred Tourism Promotion and Development Fund fees impact GKL's short-term liquidity and long-term capital expenditure plans?"}],"footnotes":""},"categories":[157,16338],"tags":[492,17025],"class_list":["post-25250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-gkl","tag-grand-korea-leisure"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25250","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=25250"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25250\/revisions"}],"predecessor-version":[{"id":25261,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25250\/revisions\/25261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25298"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}