Grand Korea Leisure saw its sales drop again in August from the prior month after showing signs of a month-on-month improvement in July.
Sales at the company’s foreigner-only casinos were down 75.9 percent from the same month the prior year and 10.1 percent from July, when sales had gained 13.7 percent in June.
The country is battling yet another spike in Covid-19 cases, with fellow casino operator Paradise Co. having shuttered its Paradise City casino near the international airport at Incheon until at least Sept. 7th after a staff member tested positive for the virus.
Total August sales were KRW12.76 billion ($10.7 million).
Table-game revenue was down 76.9 percent from the prior year and 5.4 percent from July at nearly KRW11.04 billion. Machine sales for the month fell 31.9 percent from July and 66.7 percent from the prior year.
GKL operates casinos under the Seven Luck brand in Seoul and Busan.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.