Closure of Grand Korea Leisure Co Ltd’s (GKL’s) two foreigner-only casinos in Seoul, capital of South Korea, as a Covid-19 countermeasure, is to continue until 9am on March 15, the firm said in a Friday filing to the Korea Exchange.
The same day, South Korea’s Central Disaster and Safety Countermeasure Headquarters said it would extend until March 14, so-called “Level 2” social distancing measures in Seoul, reported local media.
Grand Korea Leisure noted on Friday that its expected group loss of casino net sales due to extension of pandemic-precaution closures at two of its venues, had been revised upward, to about KRW42.78 billion (US$38.1 million), compared to its previous estimate of KRW37.68-billion in lost sales.