\u20ac13million loss<\/a><\/em><\/strong> as a result of the first two-week closure period alone.<\/p>\n\n\n\nIn January and February, Grand Korea Leisure was posting strong results generating KRW48.9billion (\u20ac36million) for the two-month period, which was up 48 per cent on the same period last year.<\/p>\n\n\n\n
Grand Korea Leisure employs over 1,800 people, including head office and casino staff, of which about 80 per cent have now been put on paid leave.<\/p>\n","protected":false},"excerpt":{"rendered":"
GKL operates three foreigner-only casinos in Seoul and Busan under the Seven Luck brand.<\/p>\n","protected":false},"author":2,"featured_media":4773,"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 closure of its foreigner-only Seven Luck casinos in Seoul and Busan until May 6 due to the Coronavirus pandemic. This prolonged operational suspension is projected to result in a \u20ac13 million loss from the initial two-week period alone, significantly impacting a company that reported strong KRW48.9 billion (\u20ac36 million) revenue in January and February. Approximately 80% of GKL's 1,800 employees are now on paid leave, highlighting the severe operational and financial strain.","focusai_entities":"Grand Korea Leisure, Seven Luck","focusai_location":"South Korea, Seoul, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Financial Impact","query":"What is the revised projected GGR and NGR impact for Grand Korea Leisure for Q2 2020, factoring in the extended operational suspension until May 6, and how does this influence their liquidity position and capital allocation strategy?"},{"label":"Operational Resilience","query":"What specific operational resilience measures, beyond staff paid leave, is Grand Korea Leisure implementing to mitigate ongoing fixed costs and prepare for a phased reopening, particularly concerning B2C customer re-engagement for foreigner-only venues?"}],"footnotes":""},"categories":[160,28,161,16338],"tags":[29,7299,152],"class_list":["post-5739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-daily-news","category-east-asia-news","tag-casino","tag-coronavirus","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5739","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5739"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5739\/revisions"}],"predecessor-version":[{"id":5750,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5739\/revisions\/5750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4773"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}