Due to the closure to prevent the spread of Corona 19, sales of major Korean 카지노사이트 operators, including Kangwon Land and other foreign-only casino businesses such as Grand Korea Leisure and Paradise, are expected to fall sharply in the first half of this year.

According to the casino industry on the 27th, Kangwon Land has been shut down from business and GKL and Parada.E-S decided to close its business until April 6, which is estimated to result in a drop in sales and losses of tens of billions of won.

GKL, which operates three foreigner-only casinos in Seoul and Busan, estimated its sales loss to reach 17.5 billion won on-year due to the two-week shutdown.

In January and February, GKL posted 48.9 billion won in earnings, up 48 percent from a year earlier.

However, the casinos, a foreigner-only facility, believe they will struggle for the time being, with players' visits falling by more than 90 percent, even if they continue to operate afterwards.

GKL currently has some 1,800 employees, including management staff at its headquarters and casino operations, of which 80 percent are reportedly on paid leave.

Meanwhile, Kangwon Land, which closed on Feb. 23 and is scheduled to reopen on April 6 due to additional business suspensions, expects sales losses from its long-term shutdown to exceed 100 billion won.

The decline in sales of casino businesses has also caused the neighboring communities to suffer.

In particular, Gangwon Land, the country's only domestic and foreign casino based in Gangwon Province, faces a tougher situation as many local businesses rely on tourists visiting Kangwon Land.

Stock markets still have a positive outlook for the casino industry. This is because even if the economic recession caused by Corona 19 continues for the time being, casino VIP sales can quickly recover if the restriction on movement is lifted.

Lee Hyo-jin, a researcher at Meritz Securities, said, "Foreign casinos recorded good results in February when Korea's Corona 19 spread was the fastest," and added, "If the pace of recovery in performance determines a further rise in stock prices, casinos will be the fastest among entertainment and leisure industries."

Some analysts say that South Korean casino companies will enjoy reflective profits as the spread of Corona 19 has slowed down in Korea, while other Asian countries are still spreading.

According to Hana Financial Investment, the casino market in five Asian countries -- South Korea, Macau, the Philippines, Singapore and Cambodia -- is worth 58 trillion won a year, of which only 1.6 trillion won is in South Korea.

However, Macau, Asia's largest casino market, has been restricting foreign entry since last month to prevent the inflow of Corona 19 offshore, and this month it has also suspended the operation of the Gangjiao Bridge linking Hong Kong and Macau.

The Philippines, the second largest in cassbet.com, had 5,223 confirmed cases and 335 deaths as of Wednesday. It has banned all foreigners from entering the country since April 22.

Lee Ki-hoon, a researcher at Hana Financial Investment, said, "If an issue that Chinese VIPs can only come to Korea for a short period of time, something ridiculous can happen," adding, "In the case of Paradise, it is 1.1 times the share-based asset ratio (PBR)."