Kangwon Land extends casino closure

Kangwon Land reported losses of US$38.3 million for the second quarter.
Kangwon Land reported losses of US$38.3 million for the second quarter.

The South Korea casino had reopened for VIP clients but closed again due to a spike in Covid-19 cases.  

South Korea.- Kangwon Land casino, the only venue in South Korea where locals can legally gamble, has extended its closure until September 7.

The venue had reopened for VIP players but on August 23 was closed again completely due to a spike in Covid-19 cases.

The measure was to last until August 29 but the casino’s operator has confirmed to the Korean Stock Exchange that it will extend the closure.

It calculated that the closure from August 23 to September 7 would cost the casino KRW18.8 billion (US$15.8 million).

Kangwon Land reported a loss of KRW45.56 billion (US$38.3 million) for the second quarter of the year, compared to a KRW50.94-billion (US$42.9 million) profit in the same period last year.

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