Grand Korea Leisure Co Ltd saw its 21Q1 casino sales reach KRW6.46 billion, down 94.1 percent from the prior year period.
That being said, March casino sales were far better than the month before, due to the closure of both its Seoul casinos that lasted from November 24 to March 15, and its Busan casino which reopened in mid February.
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.