One of the most prominent South Korean casino operators, the Paradise Company Limited has just recently announced that its four casino venues have been re-opened after several weeks of being closed due to the coronavirus pandemic. According to a GGRAsia report, this Seoul-based company is responsible for several casino venues in several cities of South Korea including Seoul, Jeju, and other locations.
The Paradise Company Limited is also responsible for the seven hundred and eleven-room Paradise City fully integrated casino resort which is located close to Incheon International Airport. The company is primarily engaged in the casino industry while it operates through three different segments. When it comes to its casino segment, it operates the Paradise Casino Incheon venue, Paradise Casino Walkerhill, Paradise Casino Busan, Paradise Casino Jeju Grand, Paradise Casino Jeju Lotte, and Paradise Safari Park Casino.
Paradise Company Limited Closing Its Properties for Almost a Month
Due to the growing concerns related to the ongoing coronavirus crisis, Paradise Company Limited closed its properties in South Korea for a period of two weeks starting from the 24th of March. This temporary lockdown period was later on extended by twelve days following the growing struggles of South Korea to contain another coronavirus infections wave following the first strike.
According to one report by GGRAsia, the nation’s health officials confirmed that South Korea had recorded thirteen new cases of the potentially-deadly coronavirus strain on the 19th of April. So far, the highly-contagious coronavirus strain killed two hundred and sixty-three locals while the nation’s infections tally went to 10,649 with around one thousand recorded cases being imported by foreigners.
Grand Korea Leisure Company Limited Casinos to Remain Closed
While Paradise Company Limited has announced that its casinos in South Korea will re-open the doors to the public, the company’s biggest competitor the Grand Korea Leisure Company Limited firm announced that it will not follow these steps. In one of its official press releases, officials at Grand Korea Leisure Company Limited announced that the company’s trio of iconic Seven Luck casinos will remain closed at least until the 6th of May.
The company that is an enterprise of the South Korean Ministry of Culture, Sports and Tourism is responsible for foreigner-only casino facilities located in the cities of Busan and Seoul. According to the company’s officials, Grand Korea Leisure Company Limited will lose around $47 million as a direct result of closures caused by the ongoing coronavirus pandemic.
In addition to affecting Paradise Company Limited and its local rival Grand Korea Leisure Company Limited, the ongoing coronavirus crisis, and pandemic, other South Korean casino operators have been affected as well including the Kangwon Land Incorporated firm. This is one of the most prominent South Korea-based resort and casino companies that operate out of its Gangwon Province-headquartered office.
The company was founded back in 1998. Since its inception, it has been committed to the casino industry and today, it operates a massive number of slot machines and gaming tables for both international and domestic customers. According to the company’s officials, its iconic Kangwon Land Casino will remain closed at least until the 4th of May. This casino is situated in Gangwon Province around ninety-three miles from the capital city. It offers almost one thousand slot machines alongside one hundred gaming tables.