Grand Korea Leisure, which suspended operations of its casinos on March 24, announced on Sunday that the scheduled April 20 reopening will be extended to May 6 in light of lingering public health concerns surrounding Covid-19.
Last week, Kangwon Land, Korea’s only casino open to the local people, announced that it would extend its own Covid-19 closure until May 4.
Grand Korea Leisure operates three foreigner-only casinos under the Seven Luck brand. They reported a sharp 72 percent year-on-year decline in its March sales, and with the extension of the closure period into May, the April sales figure is guaranteed to fall to zero.
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.
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.
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.
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.