Kangwon Land to reduce capacity to 30%

Kangwon Land has confirmed it will reduce capacity again to a maximum daily guest capacity of 1,800 visitors from tomorrow (July 15).

South Korea.- Kangwon Land will reduce its capacity again to 30 per cent of its pre-pandemic levels from July 15 due to an increase in Covid-19 cases in South Korea.

The casino operator had returned to a 50 per cent capacity limit following a relaxation of Covid-19 countermeasures in July. Before that, it had been operating at 20 per cent with a maximum of 1,200 guests.

Kangwon Land has decided to reduce its capacity again after authorities tightened social distancing rules to level 2 in Gangwon province. The new measures will be in place until at least July 31.

The Ministry of Health reported 19 new Covid-19 cases in Gangwon province in the last 24 hours, with a total of 3,754 infections since the pandemic began last year.

Kangwon Land reported that sales during the first quarter of the year reached KRW97.4bn, down 58.7 per cent when compared to the KRW236bn seen in the same period last year. Sales were down 25.8 per cent from the last quarter of 2020, mainly due to a Covid-19 lockdown during the first part of the year.

Despite a weak performance during the first quarter of 2021, Kangwon Land expects to see better performance for the rest of the year.