<\/strong>has confirmed that it plans to expand its casino floor space by more than 10 per cent, from 14,053 square meters (151,265 square feet) to 15,486 square meters. Dates have not yet been confirmed.<\/p>\n\n\n\nThe resort plans to increase the total seating capacity of its restaurants and bars by 71.4 per cent, from 140 to 240 seats.<\/p>\n\n\n\n
The company said a board meeting had approved KRW28.4bn (US$23.7m)<\/strong> to be set aside for \u201cexpansion and remodelling\u201d of the venue, but did not specify whether all of it would be allocated to casino facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"Kangwon Land has shared its financial results for the fourth quarter of the year, reporting a net loss of KRW11.0bn (US$9.2m).<\/p>\n","protected":false},"author":176,"featured_media":14765,"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 reported a Q4 net loss of KRW11.0bn, though significantly narrowed year-on-year, with GGR up 87.5%. Full-year 2021 also saw a reduced net loss and substantial sales growth. The operator plans a significant expansion of its casino floor and F&B facilities, backed by a KRW28.4bn investment.","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Expansion ROI Analysis","query":"What is the projected return on investment (ROI) and anticipated incremental gross gaming revenue (GGR) from Kangwon Land's KRW28.4bn capital expenditure on casino floor and F&B expansion, and how does this align with their long-term strategic growth objectives?"},{"label":"GGR Vertical Performance","query":"Given the Q4 GGR breakdown, what specific operational or marketing strategies are being implemented to optimize performance across mass gaming tables, slot machines, and VIP segments, particularly in light of the planned capacity expansion?"}],"footnotes":""},"categories":[157,16338],"tags":[16471],"class_list":["post-27143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-kangwon-land"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27143","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=27143"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27143\/revisions"}],"predecessor-version":[{"id":27177,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27143\/revisions\/27177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14765"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}