scheduled to reopen today,<\/a><\/em><\/strong> but authorities in South Korea continue to apply measures to contain the spread of Covid-19 in the country.<\/p>\n\n\n\nThe venue was first forced to close in February when the pandemic emergency began. It was able to resume VIP operations in May, but new measures were imposed in August due to a second wave of Covid-19 cases.<\/p>\n\n\n\n
In a filing to the Korea Exchange, Kangwon Land said it expected lost casino sales for the period from 10am on August 23 to 6am on\u00a0October 5 to amount to KRW53.9\u00a0billion (US$46.4\u00a0million), based on daily-average casino sales during the first half of 2020.<\/p>\n\n\n\n
The Kangwon Land resort is located about 150 kilometres (93 miles) from the country\u2019s capital Seoul.<\/p>\n\n\n\n
As of 12am on\u00a0Sunday, South Korea had recorded\u00a082\u00a0new Covid-19 cases in the preceding 24 hours, taking the national tally of infections to 22,975,\u00a0according to the Korea Centers for Disease Control and Prevention.<\/p>\n","protected":false},"excerpt":{"rendered":"
The casino resort in South Korea was scheduled to reopen today but will remain closed until at least October 5.<\/p>\n","protected":false},"author":2,"featured_media":10168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Kangwon Land, South Korea's exclusive casino permitting local patronage, has extended its temporary operational suspension until October 5th due to ongoing COVID-19 containment measures. This prolonged closure is projected to result in KRW53.9 billion (US$46.4 million) in lost casino sales, based on H1 2020 daily average performance.","focusai_entities":"Kangwon Land, Korea Exchange, Korea Centers for Disease Control and Prevention","focusai_location":"South Korea, Seoul","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Kangwon Land GGR Impact?","query":"What is the projected impact on Kangwon Land's full-year GGR and NGR, considering this extended closure and the prior operational disruptions?"},{"label":"Regulatory Strategy Shift?","query":"How might this prolonged operational suspension influence the South Korean government's long-term regulatory strategy for both land-based and potential iGaming verticals?"}],"footnotes":""},"categories":[160,16333],"tags":[16471,152],"class_list":["post-10163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-south-east-asia-news","tag-kangwon-land","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10163"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10163\/revisions"}],"predecessor-version":[{"id":10175,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10163\/revisions\/10175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10168"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}