The South Korean operator<\/a> of foreigner-only casinos has recently shared its financial results for the year 2021 during which it posted casino sales of KRW89.58bn (US$74.9m).<\/p>\n\n\n\nThe figure was down 51.8 per cent when compared to the previous year and although the company didn\u2019t explain the reasons for the decline, casinos were deeply affected by the Covid-19 pandemic and the lack of tourist visitors.<\/p>\n\n\n\n
Table game sales <\/strong>were down 54.1 per cent year-on-year to KRW74.43bn while machine game sales were down 36.8 per cent<\/strong> year-on-year to KRW15.24bn. <\/p>\n","protected":false},"excerpt":{"rendered":"Grand Korea Leisure has extended the temporary closure of the Seven Luck Seoul Gangnam until Monday due to new Covid-19 cases among its staff.<\/p>\n","protected":false},"author":176,"featured_media":3156,"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 extended the temporary closure of its Seven Luck Seoul Gangnam casino until January 10 due to new COVID-19 cases among staff, following an initial closure for disinfection. This operational disruption compounds the significant financial challenges GKL faced in 2021, reporting a 51.8% year-on-year decline in casino sales to KRW89.58bn, primarily attributed to the pandemic's impact on tourism and foreigner-only casino visitation.","focusai_entities":"Grand Korea Leisure, Seven Luck Seoul Gangnam","focusai_location":"South Korea, Seoul","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.85), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Operational Outlook","query":"What is Grand Korea Leisure's projected timeline for full operational resumption across its properties, and what contingency measures are in place to mitigate future pandemic-related disruptions to GGR?"},{"label":"South Korea Market Impact","query":"How will the continued operational challenges for foreigner-only casinos in South Korea impact the broader capital markets' perception of the region's gaming sector, particularly concerning inbound tourism recovery?"}],"footnotes":""},"categories":[28,16338,158],"tags":[492,17025],"class_list":["post-26108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-gkl","tag-grand-korea-leisure"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26108","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=26108"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26108\/revisions"}],"predecessor-version":[{"id":26114,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26108\/revisions\/26114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3156"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}