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The Chinese ban on the sale of package tours to South Korea has dented the revenues of the country’s casino sector, which is overwhelmingly foreigner only. It registered a month-more than-month decline of 23.9%, closing at KRW362.four billion (US$280 million). Table games lost 5.1% from January, slipping to KRW42.3 billion (US$32.six million), and gaming tables reported a 33.two% drop to KRW2.36 billion (US$1.8 million). Just after the lull COVID-19 brought to the area, South Korea’s foreigner-only casinos continue to see revenues rise. Grand Korea Leisure (GKL) indicated that its February sales have been slightly more than KRW36.77 billion (US$28.three million) in its most current economic update final Friday.

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Going forward, we intend to preserve the investment in operational capacity at equivalent rates but as constantly in a trade of among margin and revenue will often go for industry shares. In the first quarter, we invested in more studio capacity each in North America and in other regions. As of the finish of 2020, on the internet casinos have been estimated to account for only 5.five% of the total casino industry in North America.

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