GGRAsia – Grand Korea Leisure casino sales up 15pct m-o-m in May ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Such sales were KRW8.83 billion (US$7.9 million) compared to KRW5.95 billion in March.
Sales in March had already taken a huge leap compared to those for February. The group’s Busan Lotte casino venue in the southern port city of Busan, had resumed its operations on February 15, after a period of closure.
Grand Korea reopened its Seven Luck-branded Seoul venues, Gangnam COEX, and Gangbuk Hilton (pictured) on March 15. Both properties had been shuttered since November 24 as a Covid-19 countermeasure.
Grand Korea Leisure’s table game sales for April this year were just under KRW7.27 billion, an increase of 46.0 percent on the KRW4.98 billion realised in March.
Lax management leaves public firms in deficit
Posted : 2021-05-04 15:24
Updated : 2021-05-04 16:03
State-run rail operator KORAIL was one of the public companies that suffered a net loss in 2020. Korea Times file
By Yi Whan-woo
The country s public enterprises collectively reported a net loss last year, the first since the government began to announce their management data in 2016.
The deficit is attributed to elephantine operations, such as salary increases, among 36 state-run companies in general despite the economic fallout of the COVID-19 crisis.
According to All Public Information in One (ALIO), a government-affiliated website offering data on the government and public organizations, the 36 firms suffered a combined net loss of 600 billion won ($535.4 million) in 2020.
GGRAsia – Grand Korea Leisure March casino sales leap m-on-m ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
South Korean casinos log big losses in 2020 on pandemic fallout
Posted : 2021-04-05 10:25
Updated : 2021-04-05 11:18
Visitors to Kangwon Land Casino in Jeongseon County, Gangwon Province, await as a dealer hands out cards. Korea Times file
Casino operators in South Korea chalked up huge losses in 2020 as the coronavirus pandemic sent the number of visitors plunging, data showed Monday.
State-run casino operator Kangwon Land Inc. registered an operating loss of 431.6 billion won ($382 million) last year, a sharp turnaround from an operating profit of 501.2 billion won a year earlier.
Kangwon Land, the country s only casino open to locals, is located in Jeongseon, some 200 kilometers east of Seoul.