Grand Korea Leisure has issued a filing announcing that its two casinos in Seoul and the one in Busan will be extending their closures until February 15 under the continuing impact of the coronavirus pandemic.
The Philippines government has decided to keep the current quarantine restrictions in Metro Manila in place and expanded the curbs to neighboring Bulacan, Rizal, Laguna and Cavite provinces for 14 days in a bid to suppress a surge in coronavirus infections.
Kintetsu Group Holdings is reportedly close to abandoning its earlier plans to extend its rail line to Yumeshima before the 2025 World Expo. The firm is concerned that there may be little passenger demand with lingering uncertainty over the pandemic and the future of IR development in Osaka.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.