\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","protected":false},"excerpt":{"rendered":"Grand Korea Leisure (GKL) has reported a 4.1 per cent decline in casino sales when compared to December 2021, from KRW10.14bn to KRW9.72bn (US$8.1m).<\/p>\n","protected":false},"author":176,"featured_media":19868,"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 4.1% month-on-month decline in January casino sales to KRW9.72bn, with significant year-on-year decreases in both table and machine game verticals. The operator's 2021 sales were down 51.8% compared to the prior year, primarily attributed to the persistent impact of the Covid-19 pandemic and reduced inbound tourism. This ongoing distress has led to regulatory relief measures, including the deferral of Tourism Promotion and Development Fund fees for some South Korean casinos.","focusai_entities":"Grand Korea Leisure, GKL","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.7), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Q1 Outlook?","query":"What is Grand Korea Leisure's projected GGR and NGR outlook for Q1 2022, considering the persistent impact of reduced inbound tourism and the deferral of Tourism Promotion and Development Fund fees?"},{"label":"Regulatory Relief Impact?","query":"How significant is the deferral of Tourism Promotion and Development Fund fees for South Korean casino operators in mitigating liquidity challenges and sustaining operational viability amidst ongoing pandemic-related disruptions?"}],"footnotes":""},"categories":[157,16338],"tags":[492,17025,23907],"class_list":["post-26969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-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\/26969","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=26969"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26969\/revisions"}],"predecessor-version":[{"id":27008,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26969\/revisions\/27008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19868"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}