South Korea casino becomes the latest to shut its doors as the deadly virus continues to impact the Asian gambling sector. <\/p>\n\n\n\n\n\n\n\n
South Korea.- Kangwon Land<\/a><\/em><\/strong>, the only casino in Korea where locals are permitted to gamble, has closed its doors for 24 hours on Sunday due to the ongoing Coronavirus<\/a><\/em><\/strong> crisis.<\/p>\n\n\n\n It is only the second time in its history that the casino has been closed. The casino had previously closed for one day in 2012 to check security cameras following a security breach. The operators explained that the decision for the current closure was to help halt the spread of COVID-19.<\/p>\n\n\n\n \u201cAlso the question remains if foreigner-only casinos will follow suit, though the possibility would not seem high as their utilization rates are typically less than half of Kangwon\u2019s anyway,\u201d Kangwon Land management said according to Inside Asian Gaming.<\/p>\n\n\n\n Although the casino will only be closed for one day, JP Morgan said that more closures similar to the 15-day shut down in Macau are likely.<\/p>\n","protected":false},"excerpt":{"rendered":" South Korea casino becomes the latest to shut its doors as the deadly virus continues to impact the Asian gambling sector.<\/p>\n","protected":false},"author":2,"featured_media":2397,"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 sole casino permitting local patronage, has enacted a temporary closure due to the ongoing COVID-19 pandemic. This operational disruption, while initially for 24 hours, raises concerns among industry analysts like JP Morgan regarding potential extended closures, mirroring actions seen in other Asian gaming jurisdictions such as Macau, and impacting regional GGR forecasts.","focusai_entities":"Kangwon Land, JP Morgan, Inside Asian Gaming","focusai_location":"South Korea, Macau, Asia","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact Analysis","query":"What is the projected GGR impact on Kangwon Land and the broader South Korean gaming market if these temporary closures extend beyond initial forecasts, considering the unique local patronage model?"},{"label":"Regulatory Response","query":"How might South Korean regulatory bodies adapt their governance frameworks or emergency protocols in response to ongoing public health crises, potentially influencing B2B\/B2C licensing conditions for operational continuity?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,7299,9860,152],"class_list":["post-3770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casino","tag-coronavirus","tag-kangwon","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3770","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=3770"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3770\/revisions"}],"predecessor-version":[{"id":3819,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3770\/revisions\/3819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2397"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}