05/27/21 Kangwon Land could see earnings improve in 2022, analysts say Tourism arrivals, a higher vaccination rate and the end of social restrictions soon could help Kangwon Land grow next year.
05/12/21 Kangwon Land sales down 58.7% in Q1 Kangwon Land has reported a net loss of KRW40.9bn (US$36.6m) for the first quarter of the year.
04/01/21 Kangwon Land appoints Lee Sam-Geol as new CEO Lee Sam-Geol will replace Moon Tae-Gon, who was promoted to the position of interim chairman last year.
03/27/21 South Korean casinos allowed to postpone sales taxes payment The government has announced it will postpone the deadline for South Korean casinos to pay their sales taxes.
02/25/21 Kangwon Land licence extension comes with tax hike Kangwon Land’s licence would be extended until 2045 in return for a tax increase.
02/16/21 Kangwon Land reports US$250m loss for 2020 Sales fell 68.5 per cent year-on-year at the only casino in South Korea where nationals are allowed to gamble.
02/16/21 Kangwon Land opens after two-month closure The casino has opened again after the latest in a series of closures due to Covid-19 countermeasures.
02/04/21 Kangwon Land extends closure until Feb 14 The casino operator has extended until the temporary closure of its gaming facilities until 6am on February 14.
01/23/21 Kangwon Land puts employees on mandatory leave Almost 2,000 Kangwon Land workers are on unpaid leave and will receive reduced pay until at least the end of the month.
12/09/20 Casinos in South Korea extend Covid-19 closures Grand Korea Leisure and Kangwon Land have extended their closures due to government measures.
11/12/20 Kangwon Land to recover in 2022, analysts say According to a report from analysts at JP Morgan, it will take two years for GGR to rebound.
10/25/20 South Korea’s Kangwon Land accused of favouritism Three companies have won over half of the state-run casino’s tenders since 2013.
10/14/20 Kangwon Land reopens with cap on capacity In a second pandemic-related lockdown, the casino was closed from August 23.
10/07/20 Kangwon Land: casino revenue expected to fall 67% The casino operator expects a fall in revenues of 67% year-on-year for the full year 2020.
10/06/20 Kangwon Land to remain closed until October 12 The promoter of the South Korean casino says losses from the latest shut down will amount to US$53.9 million.
