Casino operator revises projected loss for the closure period to KRW22 billion (US$18.1 million).<\/p>\n\n\n\n\n\n\n\n
South Korea.- Kangwon Land, the only casino in South Korea<\/a><\/em><\/strong> where locals are permitted to gamble, will remain closed until 9 March due to Coronavirus.<\/p>\n\n\n\n The casino had originally shut down gaming operations for three days from Sunday 23 February<\/a><\/em><\/strong> to Wednesday 26 February before later extending the closure for three more days until 29 February<\/a><\/em><\/strong>. <\/p>\n\n\n\n Over the weekend, casino management took the decision to extend the closure period until at least next Monday.\u00a0<\/p>\n\n\n\n The 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 to KRW22 billion (US$18.1 million).<\/p>\n\n\n\n As of Sunday evening, there were 3,526 confirmed cases of Coronavirus in the country and 17 confirmed deaths. Casino operator revises projected loss for the closure period to KRW22 billion (US$18.1 million).<\/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 play, has extended its operational closure until March 9th due to the Coronavirus outbreak. This unprecedented closure, only the second in its history, has led the operator to revise its projected financial loss for the period to KRW22 billion (US$18.1 million).","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.75), operator_casino (1.0), investor_analyst (0.95), gambler_consumer (0.7), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Financial Impact Analysis","query":"What is the projected daily GGR\/NGR loss for Kangwon Land during this extended closure, and how does this impact its annual financial outlook?"},{"label":"Regulatory Response","query":"What specific regulatory guidance or relief measures are being considered by South Korean authorities for licensed operators impacted by public health-related operational shutdowns?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[29,7299,152],"class_list":["post-4000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-casino","tag-coronavirus","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4000","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=4000"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4000\/revisions"}],"predecessor-version":[{"id":4028,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4000\/revisions\/4028"}],"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=4000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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