South Korea’s only casino for locals to legally gamble, Kangwon Land, is to reopen after being forced to close due to Covid-19. <\/p>\n\n\n\n\n\n\n\n
South Korea.- South Korea’s only casino for locals to legally gamble, Kangwon Land, is to resume its operations tomorrow (May 8) following the Coronavirus crisis.<\/p>\n\n\n\n
The casino has been closed since February 23 following the outbreak of Covid-19 in South Korea.<\/p>\n\n\n\n
The closure for Kangwon Land<\/em><\/strong> was only the second time that the casino has shut its doors to the public in its history.<\/p>\n\n\n\n It previously closed for one day in 2012 to check security cameras following a security breach.<\/p>\n\n\n\n The operator said in a filing on Thursday to the Korea Stock Exchange that its total losses during the closure are estimated to be KRW267.8 billion (US$218.6million) based on average daily casino sales in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":" South Korea’s only casino for locals to legally gamble, Kangwon Land, is to reopen after being forced to close due to Covid-19.<\/p>\n","protected":false},"author":2,"featured_media":4956,"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 exclusive casino for domestic patrons, is set to resume operations on May 8th after an extended closure due to the COVID-19 pandemic. The operator estimates total revenue losses during this period at KRW267.8 billion (US$218.6 million), based on 2019 average daily sales. This reopening marks a critical step for the integrated resort's financial recovery and the local gaming market.","focusai_entities":"Kangwon Land, Korea Stock Exchange","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.75), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Recovery Strategy","query":"What specific operational adjustments and marketing strategies will Kangwon Land implement to mitigate the KRW267.8 billion revenue loss and accelerate market share recovery post-reopening?"},{"label":"Regulatory Impact","query":"How might the regulatory framework in South Korea evolve to address future force majeure events, particularly concerning operational continuity and financial reporting for monopolistic gaming entities like Kangwon Land?"}],"footnotes":""},"categories":[28,161,16338],"tags":[29,16471,152],"class_list":["post-6272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-daily-news","category-east-asia-news","tag-casino","tag-kangwon-land","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6272","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=6272"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6272\/revisions"}],"predecessor-version":[{"id":777018278,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6272\/revisions\/777018278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4956"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}