One of two Seoul casinos operated by Grand Korea Leisure Co. (GKL) will relocate from the city’s Millennium Hilton to the Seoul Dragon City complex, the company reported in a filing to the Korea Stock Exchange.
Gaming at the Seven Luck-branded gaming hall will begin on December 31 at 6 a.m., with a grand opening set for mid-January.
According to GGRAsia, GKL first announced the move in December 2021, noting that its lease at the Millennium Hilton would expire at the end of this year.
A brief suspension of slot play will result in an estimated KRW400 million (US$309,000) drop in revenues.
GKL’s lease at Seoul Dragon City will run through August 15, 2032. The resort hosts four hotel brands: the Grand Mercure, ibis Styles, the Novotel and Novotel Suites, with 1,700 rooms in total.
GKL is a subsidiary of the Korea Tourism Organization, part of the country’s Ministry of Culture, Sports and Tourism. GKL runs three foreigners-only casinos in South Korea under the Seven Luck name: two in the capital city of Seoul, and one in the southern port city of Busan.
