Gambling cash turnover in South Korea’s casino market for full-year 2020 fell by 64.5 percent from the prior-year period, according to data from the Ministry of Culture, Sports and Tourism, issued through its official website on Tuesday.
The fall coincided with a 71.3 percent decline year-on-year in the aggregate of visits to the properties: i.e., foreigner-only venues and the Kangwon Land resort, the only casino complex in the nation that is permitted to offer bets to locals.
The deterioration in attendance occurred at a time when the impact of the Covid-19 pandemic was felt on inbound tourism to South Korea and on the country’s casino operations, including capacity limitations and in some cases periods of temporary closure as a Covid-19 countermeasure.