originally closed on Sunday<\/a><\/em><\/strong> and then extended the closure to Wednesday, February 26. The casino has now confirmed it will remain shut until Saturday. \u00a0<\/p>\n\n\n\nThe closure is only the second time the casino has shut its doors to the public in its history. It previously closed for one day in 2012 to check security cameras following a security breach.<\/p>\n\n\n\n
The company has also revised its projected loss for the closure period and says it now expects a loss of KRW22 billion (US$18.1 million).<\/p>\n\n\n\n
South Korea is one of the most affected countries by Covid-19. Eleven people have died from the outbreak and more than 1,500 have been infected with the virus.
<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino operator has also revised its projected loss for the shut-down period to KRW22 billion<\/p>\n","protected":false},"author":2,"featured_media":3389,"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 extended its operational closure until February 29 due to the escalating Coronavirus outbreak. This prolonged shutdown, only the second in the casino's history, has led to a revised projected loss of KRW22 billion (US$18.1 million) for the period. The decision reflects the severe public health crisis in South Korea, a nation significantly impacted by the virus.","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), 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?","query":"What is the projected impact on Kangwon Land's annual GGR and NGR, assuming no further extensions beyond February 29?"},{"label":"Capital Allocation?","query":"How does this extended operational closure affect Kangwon Land's capital expenditure plans or dividend policy for the current fiscal year?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,7299,152],"class_list":["post-3915","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-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3915","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=3915"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3915\/revisions"}],"predecessor-version":[{"id":3947,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3915\/revisions\/3947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3389"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}