The South Korean casino will be allowed to return to its pre-pandemic capacity from May 16.<\/p>\n\n\n\n\n\n\n\n
South Korea.-\u00a0Kangwon Land\u00a0<\/strong>is to return to normal capacity limit from May 16 after months of restrictions due to the Covid-19 pandemic. The complex has been admitting only up to 3,000 customers at a time, but the limit will now return to 6,000.<\/p>\n\n\n\n From April 18, the company was allowed to\u00a0extend its operating hours<\/a> to its pre-pandemic opening times of 10am to 6am.\u00a0<\/p>\n\n\n\n The South Korean casino<\/a> reported gross gaming revenue (GGR) for the first quarter of KRW213bn, down 10.1 per cent\u00a0quarter-on-quarter<\/a>\u00a0but up 116.7 per cent year-on-year.\u00a0<\/p>\n\n\n\n Casino sales reached KRW226.85bn<\/strong>, down 6.3 per cent quarter-on-quarter but up 132.8 per cent in 2021. Gaming sales were KRW192.2bn<\/strong>, up 125 per cent year-on-year but down 10.5 per cent quarter-on-quarter.<\/p>\n\n\n\n The South Korean casino received 356,923 visitors in the first quarter. The figure was up by 309.2 per cent year-on-year and up 17.7 per cent sequentially.<\/p>\n","protected":false},"excerpt":{"rendered":" The South Korean casino will be allowed to return to its pre-pandemic capacity from May 16.<\/p>\n","protected":false},"author":176,"featured_media":11186,"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, a prominent South Korean casino, is set to revert to its pre-pandemic operational capacity of 6,000 customers and extended operating hours from May 16. This follows a period of significant restrictions and coincides with the casino reporting Q1 GGR of KRW213bn, a 116.7% year-on-year increase, alongside a 309.2% surge in visitor numbers.","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.98), gambler_consumer (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q2 GGR Outlook?","query":"What is the projected impact of the full capacity restoration and extended operating hours on Kangwon Land's Q2 Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) performance, considering the reported Q1 sequential decline despite year-on-year growth?"},{"label":"Regulatory Framework Evolution?","query":"How might the South Korean regulatory framework for land-based casinos evolve in response to the successful phased reopening and the demonstrated demand, particularly concerning future operational flexibility and public health protocols?"}],"footnotes":""},"categories":[28,16338],"tags":[16471],"class_list":["post-29873","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\/29873","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=29873"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29873\/revisions"}],"predecessor-version":[{"id":29883,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29873\/revisions\/29883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11186"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}