South Korea’s casinos are struggling as the country struggles to flatten its pandemic infection curve, while the global gaming slowdown has pushed back the opening of an in-development integrated resort.
On Monday, Grand Korea Leisure (GKL) informed investors that its three Seven Luck-branded foreigner-only casinos wouldn’t reopen as scheduled on Tuesday (29). Instead, the casinos will now reopen at 9am on Monday, January 4, provided the country’s third wave of COVID-19 doesn’t turn into a tsunami.
South Korea reported a record 40 pandemic deaths on Tuesday and new infections topped 1,000, leading the Yonhap news agency to warn of a “looming medical system crisis.” GKL shut its two Seoul casinos one month ago, and its Busan property followed suit shortly thereafter.
GKL’s main foreigner-only casino rival, Paradise Co Ltd, shut its Walkerhill casino in Seoul on December 15, promising to reopen on Tuesday. But Paradise announced this week that Walkerhill would now stay shut until January 4 at 7am. All Seoul casinos were operating at only 20% of normal capacity on the order of local authorities.