further seven days<\/a><\/em><\/strong> to 6am on Sunday 15 March and then one week more.<\/p>\n\n\n\nThe company published a statement last Friday saying that its lost casino sales will be of US$124.8 million from the start of the casino closure on February 23. The estimate was based on Kangwon Land\u2019s daily casino revenue in full-year 2019, added the scheme\u2019s promoter.<\/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","protected":false},"excerpt":{"rendered":"
The only casino in South Korea estimates a loss of US$124.8 million from the start of the casino closure<\/p>\n","protected":false},"author":2,"featured_media":4773,"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 suspension for the fifth time due to the Coronavirus, now until April 6. This prolonged closure is projected to result in an estimated US$124.8 million in lost casino sales, calculated based on its 2019 daily revenue performance. This represents a significant operational disruption for the integrated resort.","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Kangwon Land EBITDA?","query":"What is the projected impact of this extended closure on Kangwon Land's full-year EBITDA and share price performance?"},{"label":"Contingency plans for IRs?","query":"What contingency plans are other integrated resorts globally implementing for similar force majeure operational disruptions?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,9860,152],"class_list":["post-4733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casino","tag-kangwon","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4733","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=4733"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4733\/revisions"}],"predecessor-version":[{"id":777008735,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4733\/revisions\/777008735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4773"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}