Kangwon Land closes for two days due to Covid-19 cases

Kangwon Land will be closed from August 16 to August 18 due to Covid-19 among staff.

South Korea.- The South Korean casino Kangwon Land has announced it will close for two days until August 18 after detecting Covid-19 cases among workers.

In July, Kangwon Land reduced its capacity to 30 per cent of pre-pandemic levels due to an increase in Covid-19 cases in South Korea. 

The casino operator recently reported a net profit of KRW20.9bn (US$18.2m) for the second quarter of the year. However, its cumulative net loss for the first half amounts to over KRW19bn.

Second-quarter sales were KRW203.6bn, up 488 per cent when compared to the second quarter of 2020. GGR was KRW203.8bn, up 539.4 per cent year-on-year and up 107.3 per cent from the first quarter. Of that, KRW82.7bn came from mass gaming tables and KRW74.0bn came from slot machines.

Gaming sales were KRW183.9bn, up 550.4 per cent year-on-year and up 115.3 per cent from the previous quarter. Non-gaming sales were up 210.4 per cent when compared to the previous year and up 64.4 per cent quarter-on-quarter.

The number of visitors registered during the period was 199,394, an increase from the 2,364 visitors registered a year ago and the 87,200 visitors during the first quarter of the year.