still remains closed now<\/a><\/em><\/strong>. It has forecast its revenues for 2020 will come in at KRW498 billion (US$430 million).<\/p>\n\n\n\nIn 2019, Kangwon Land\u2019s gaming segment represented 88 per cent of the firm\u2019s total revenues.<\/p>\n\n\n\n
While other large casino operators in Asia Pacific have also suffered closures, Kangwon Land has faced shutdowns for most of the year. Its first closure lasted from February 23 to July 20. It closed again on August 23 and is currently expected to reopen on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"
The casino operator expects a fall in revenues of 67% year-on-year for the full year 2020.<\/p>\n","protected":false},"author":2,"featured_media":10682,"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 for local patrons, anticipates a 67% year-on-year decline in its full-year 2020 casino revenues, projecting KRW498 billion (US$430 million). This significant revenue contraction is primarily due to extensive operational closures throughout 2020, severely impacting its gaming segment which historically accounts for 88% of total firm revenues.","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Operational Recovery Outlook","query":"What is Kangwon Land's projected operational recovery timeline and strategy, considering the ongoing pandemic and potential for future closures, and how will this impact their NGR projections for H1 2021?"},{"label":"Regional Market Impact","query":"How does Kangwon Land's 67% revenue decline compare to other integrated resort operators in the Asia Pacific region, particularly those with significant local patronage, and what are the implications for regional gaming vertical performance?"}],"footnotes":""},"categories":[160,28,158,16333],"tags":[12436,21298,16471,152],"class_list":["post-10679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-slider-home","category-south-east-asia-news","tag-casinos","tag-finances","tag-kangwon-land","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10679","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=10679"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10679\/revisions"}],"predecessor-version":[{"id":10696,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10679\/revisions\/10696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10682"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}