due to end on October 5<\/a><\/em><\/strong> but the country continues to apply measures to contain the spread of Covid-19. \u00a0\u00a0<\/p>\n\n\n\nKangwon Land casino was first shut in February at the beginning of the pandemic, then resumed VIP operations in May. Due to a rise in cases, it closed its doors again on August 23.<\/p>\n\n\n\n
Kangwon Land said it expects losses from the latest closure to amount to\u00a0KRW62.7 billion (US$53.9 million) based on daily-average casino sales during the first half of 2020.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The promoter of the South Korean casino says losses from the latest shut down will amount to\u00a0US$53.9 million.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":10625,"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 Inc. has extended the closure of its South Korean casino facility until October 12, citing ongoing COVID-19 containment measures. This prolonged operational suspension is projected to result in an additional KRW62.7 billion (US$53.9 million) in losses, calculated from daily average casino sales in H1 2020. The repeated closures significantly impact the only South Korean casino accessible to local patrons.","focusai_entities":"Kangwon Land Inc, Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (1.0), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on GGR?","query":"What is the projected full-year Gross Gaming Revenue (GGR) impact for Kangwon Land Inc. given these extended closures and the previously reported H1 2020 performance?"},{"label":"Regulatory support?","query":"What specific regulatory or governmental support mechanisms, if any, are being considered or implemented in South Korea to mitigate the financial strain on licensed gaming operators like Kangwon Land due to mandated closures?"}],"footnotes":""},"categories":[28,16338],"tags":[16471,152],"class_list":["post-10623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-kangwon-land","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10623","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=10623"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10623\/revisions"}],"predecessor-version":[{"id":10639,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10623\/revisions\/10639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10625"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}