• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Foreigner-only casinos in S. Korea extend closures

Apr 06, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck  


Foreigner-only casinos in S. Korea extend closures

Two South Korean operators of foreigner-only casinos there have extended the shutdown of their gaming operations in line with the country’s effort at curbing the further spread of the Covid-19 pandemic, according to respective filings on Monday to the Korea Exchange. The various gaming venues of both operators have been suspended since March 24.

One of the operators, Paradise Co Ltd, told the Korea Exchange on Monday (April 6) it was extending the suspension of its four casino sites – at Seoul, Incheon, Jeju and Busan – until 6am on April 13. It emphasised that its hotel operations were still “open”.

A spokesperson from Paradise Co told GGRAsia that “depending on the situation” regarding the Covid-19 disease in South Korea, the suspension of the firm’s casinos could eventually be extended for an additional week from April 13.

Another foreigner-only casino operator, Grand Korea Leisure Co Ltd – an affiliate of the Korea Tourism Organization, South Korea’s official tourism agency – will now suspend operations at its casinos until April 20, it said in a filing.

Grand Korea Leisure runs three foreigner-only casinos in South Korea, under the ‘Seven Luck’ brand.

The firm stated in its latest filing that it was anticipating its lost casino sales would amount to KRW36.3 billion (US$29.4 million), as measured from the start of its gaming shutdowns on March 24. The estimate was based on the group’s daily casino revenue in full-year 2019, it added.

GKL said also it was considering implementing measures to minimise its losses during the period of business interruption. It did not detail what measure it would be introducing.

The effort of the foreigner-only casino sector was said to be in line with the country’s efforts to promote “social-distancing” measures to help contain the outbreak of the novel coronavirus associated with the Covid-19 disease.

South Korea confirmed 81 new cases of the Covid-19 infection on Sunday, according to data from the Korea Centers for Disease Control and Prevention. It brought the total number of infections in the nation up to that point to 10,237, including 741 cases classified as imported.

Kangwon Land Inc, the promoter of Kangwon Land, the only casino resort in South Korea where the country’s nationals are allowed to gamble, has had its gaming facility shuttered since February 23. On Friday it announced it had extended again the temporary closure of its gaming venue. It now says it will reopen at 6am on April 20.


  • tweet
Related articles
  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  

  • Kangwon 2021 average bet 61pct above foreigner casinos
    Kangwon 2021 average bet 61pct above...

    Jul 01, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau drops 48hr nucleic acid test for casino staff, guests
    Macau drops 48hr nucleic acid test for...

    Jun 30, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • GKL says no biz lift soon from S.Korea-Japan travel easingGKL says no biz lift soon from S.Korea-Japan travel easing July 1, 2022
  • Macau monthly GGR for June worst since Sept 2020Macau monthly GGR for June worst since Sept 2020 July 1, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us