The gambling industry in South Korea has been going through many problems because of the COVID-19 pandemic. Unfortunately, the situation is not getting better for the casino industry the government continues to keep strict countermeasures. Thus, the Grand Korea Leisure Extends Closure to February to help curb the spread of the virus.
This is the second time that Grand Korea Leisure had to extend the closure of their foreigners-only casinos. According to online casino news, the initial closure took place on November 25, 2020 and they were to reopen in December. However, the reality is that Grand Korea Leisure had to extend the closure until January. And now, they must once again delay the reopening of their casinos.
Grand Korea Leisure Extends Closure Leading to $24.9 million in Losses
For Grand Korea Leisure, the decision to keep from reopening its casino in January was not taken lightly. Despite positive cases going from 1,000 news cases per day to 366, they believe it is too early to reopen. While this is a good sign for the recovery, they know that lifting the restrictions too soon can be hazardous. Thus, along with the government, they chose to extend the closure of their casinos.
At the moment, South Korea is under an alert level 2.5 which means more then 50 people cannot gather together. In addition, social establishments have to close by 9PM and of course masks must be worn everywhere. With these restrictions, they thought it best to keep from reopening despite losing $24.9 million in revenue.
On the other hand, their competitors will continue to operate their casinos. According to the casino forums, Paradise Co. will continue to remain open. Their Paradise Walkerhill casino in Seoul shut down for a short period in December. However, it is back in operation as well as its other casinos in Busan, Incheon and Seoul.
Furthermore, this decision has been worth it for them since they have shown a revenue gain of 331.5 in December. The Best Online casinos in Korea are also showing record numbers for online gambling in Korea and around the world. This is because they do have advantage since gamblers do not have to be there in person. Thus, there is no restrictions in their ability to play their favorite casino game.
Play casino games at VOBET, the best online casino in the world!