Kangwon Land will launch a ban mechanism for problem gamblers from January 1 in order to help tackle gambling harm.<\/p>\n\n\n\n\n\n\n\n
South Korea.- The South Korean casino\u00a0Kangwon Land\u00a0<\/strong>will provide a 10-day emergency ban mechanism for problem gamblers from January 1.\u00a0Family members will be able to request the ban by email or fax both for foreign players or Korean citizens. A 10-day entry restriction will be activated “immediately” be activated when a request is made.<\/p>\n\n\n\n To activate a longer ban<\/strong>, family members must submit certain supporting documents or visit in person during the temporary ban to explain the need for a longer-term exclusion. Kangwon Land is reported to have banned 55 problem gamblers<\/strong>\u00a0between January 1 to July 31 this year.<\/p>\n\n\n\n The casino operator is operating at reduced hours<\/a>, from 10am to 10pm every day, from December 18 to January 2 under new Covid-19 countermeasures imposed by the government due to an increase in cases and fears surrounding the Omicron variant.<\/p>\n\n\n\n Only people who have been\u00a0fully vaccinated against Covid-19<\/a>\u00a0may enter the casino. JP Morgan has recently said that\u00a0Paradise Co<\/a>\u2018s recovery may take longer, sometime towards the end of Fiscal Year 2023 as long as the country continues easing travel restrictions.<\/p>\n","protected":false},"excerpt":{"rendered":" Kangwon Land will launch a ban mechanism for problem gamblers from January 1 in order to help tackle gambling harm.<\/p>\n","protected":false},"author":176,"featured_media":25903,"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 is implementing a 10-day emergency self-exclusion mechanism for problem gamblers, effective January 1, allowing family members to initiate the ban via email or fax. This development, alongside existing exclusion protocols and operational adjustments due to COVID-19 countermeasures, highlights evolving responsible gambling frameworks and market challenges. JP Morgan's analysis suggests a protracted recovery for Paradise Co, contingent on the easing of travel restrictions.","focusai_entities":"Kangwon Land, JP Morgan, Paradise Co","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), product_ux (0.7), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Operational GGR Impact","query":"What is the projected impact of Kangwon Land's new family-initiated exclusion mechanism on its Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR), considering the historical volume of problem gambler bans and the operational costs of implementation?"},{"label":"Regulatory Precedent","query":"How might Kangwon Land's proactive adoption of a family-initiated exclusion mechanism influence the broader regulatory compliance and governance frameworks for responsible gambling across other South Korean gaming verticals or jurisdictions?"}],"footnotes":""},"categories":[28,16338],"tags":[16471],"class_list":["post-25876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-kangwon-land"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25876","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=25876"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25876\/revisions"}],"predecessor-version":[{"id":25882,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25876\/revisions\/25882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25903"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}