Grand Korea Leisure confirmed in a filing that it is extending the closures of all three of its casinos until the morning of January 18.
After a horrific year like 2020, what almost everyone wants to hear is that 2021 will be a year in which the world will gradually return to something like normality. That may very well be the story that develops over the course of the next twelve months, but no one should assume that a positive outcome is guaranteed.
South Korea has lost control of its Covid-19 pandemic as never before, and this is triggering additional delays in casino reopenings.
As we enter the holiday season and the final week of full daily gaming industry coverage by Asia Gaming Brief, we must regretfully acknowledge that for at least a couple of the key jurisdictions we cover, conditions have clearly gone backwards rather than forward.
News on Saturday that Singapore and Hong Kong will not be launching their anticipated travel bubble due to a spike of new Covid-19 cases in the Chinese territory has highlighted once again the fragile nature of business planning in the era of the pandemic.
Almost as soon as the world was plunged into the Covid-19 pandemic, many voices within the Asian gaming industry began talking about “recovery” and mapping exit strategies back to financial health.
The revenues of local governments in South Korea are being heavily impacted by the long-term suspension of operations at Kangwon Land, triggered by the Covid-19 pandemic, as well as a running dispute over the calculation of how much money the resort is obligated to pay to the abandoned mine fund.
Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.
Ha Tien Vegas is the latest of Cambodia’s casinos to restart, with plans to open its doors from Friday, September 18th.
MGM Resorts began laying off 18,000 furloughed workers on Monday as the impact of the pandemic drags on.