Grand Korea Leisure prepares feasibility study for Seoul casino site
Grand Korea Leisure is preparing to apply for a preliminary feasibility study on securing its own business site in Seoul, the company said in a filing. It said no specific decision had been made and it would disclose further details once finalised or within one month; local media reports cited annual rent of KRW30 billion to KRW40 billion for its leased casino site.
A possible site acquisition could change GKL’s leased operating model, but the company has made no decision.