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Grand Korea Leisure closes Seven Luck casino in Gangnam for Covid cleaning

Grand Korea Leisure said it closed its Seven Luck casino in Gangnam, Seoul from Wednesday through to Friday to allow for disinfection due to Covid.

Grand Korea Leisure Gangnam casino closure extended to Monday

Grand Korea Leisure has extended the closure of its Seven Luck casino in Gangnam, Seoul, until Monday following an incident of Covid amongst its staff.

Millenium Hilton Seoul Hotel to be torn down

The Millenium Hilton Seoul Hotel, which houses Grand Korea Leisure’s Seven Luck casino is set to be torn down and replaced by an office building. 

South Korea opens up visa-free travel to Jeju, Seoul, and Gangwon

South Korea is set to reinstate visa-free tourism to Jeju and Yangyang starting in June, allowing foreign travelers to stay in the country legally for 30 days without a visa. 

GKL Feb. casino sales drop almost 30 percent from prior month

Grand Korea Leisure’s casino sales dropped almost 30 percent in February from the prior month, despite higher volumes, as luck played against the operator.

GKL 2021 loss widens as sales fall by more than half

Grand Korea Leisure has reported a wider 2021 loss as sales dropped by more than half from the already Covid-hit prior year.

Grand Korea Leisure Jan. sales drop 4.1% from prior month

Grand Korea Leisure said its January net sales fell 4.1 percent from the prior month, as a gain in revenue from the Seoul Hilton Casino failed to offset declines at its other properties. 

Results highlight second year of pain for foreigner-only casinos

South Korea’s foreigner-only casinos suffered another year of pain in 2021 with no meaningful reprieve in sight, triggering authorities on the island of Jeju to search for a lifeline for the industry.

Your Daily Asia Gaming eBrief: Online M&A likely to pick up pace in U.S. as costs rise

Tom Waterhouse, a well-known name in Australia's bookmaking circles, has branched out into venture capital and is seeking investment opportunities amongst innovative gaming suppliers.

GKL annual sales down 52%, but improved in Dec.

Grand Korea Leisure's 2021 casino sales were down 51.8 percent from their 2020 levels, although figures for the final month of the year showed a 147.7 percent improvement.