{"id":777026707,"date":"2025-05-21T08:42:50","date_gmt":"2025-05-21T11:42:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026707"},"modified":"2026-04-21T22:46:16","modified_gmt":"2026-04-22T01:46:16","slug":"kangwon-land-increases-betting-limits-on-blackjack-and-texas-hold-em-poker-tables","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kangwon-land-increases-betting-limits-on-blackjack-and-texas-hold-em-poker-tables","title":{"rendered":"Kangwon Land increases betting limits on blackjack and Texas Hold \u2019em poker tables"},"content":{"rendered":"\n

The new limits for blackjack will come into force on May 21.<\/p>\n\n\n\n\n\n\n\n

South Korea.- Kangwon Land<\/strong> has announced that the Ministry of Culture, Sports and Tourism has approved its request to increase the betting limits for two blackjack tables <\/strong>and two texas hold ’em poker tables<\/strong> from KRW100,000 (US$71.9) to KRW300,000 (US$215.7). The move forms part of the casino operator’s plan to increase revenue.<\/p>\n\n\n\n

The new blackjack limits will take effect on May 21, and the updated poker limits will begin in early June. The decision follows a recent approval for increased betting limits on two VIP baccarat tables that rose the ,inimum from KRW50,000 (US$35.9) to KRW500,000 (US$359.5).<\/p>\n\n\n

\n
\"Photo
Kangwon Land.<\/figcaption><\/figure>\n<\/div>\n\n\n

For the first quarter of the year, Kangwon Land posted sales of KRW365.8bn (US$239.7m)<\/strong>, up 6.2 per cent in quarter-on-quarter terms<\/a> but down 0.6 per cent year-on-year<\/a>. Non-gaming sales accounted for KRW49bn (US$32.11m), down 5.7 year-on-year but up 18.6 per cent sequentially. Gaming sales were KRW316.8bn (US$207.59m), up 0.2 per cent year-on-year and up 4.6 per cent compared to the previous quarter.<\/p>\n\n\n\n

The company\u2019s gross gaming revenue (GGR) was down 0.5 per cent year-on-year but up 3.3 per cent quarter-on-quarter at KRW344.4bn (US$225.68m). Mass table GGR was down 0.5 per cent year-on-year to KRW160.4bn (US$105.11m) while slot machine revenue was down 2 per cent to KRW135.3bn (US$88.66m). VIP Membership Club GGR grew by 4.2 per cent in year-on-year terms to KRW48.7bn (US$31.91m).<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> US casino operators won’t face retaliation amid trade tensions, Macau chief executive says<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The new limits for blackjack will come into force on May 21.<\/p>\n","protected":false},"author":176,"featured_media":11882,"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 has secured approval from South Korea's Ministry of Culture, Sports and Tourism to significantly increase betting limits on select blackjack and Texas Hold 'em poker tables, following a prior increase for VIP baccarat. This strategic operational adjustment aims to bolster gaming revenue, against a backdrop of mixed Q1 financial results showing sequential GGR growth but a slight year-on-year decline.","focusai_entities":"Kangwon Land, Ministry of Culture, Sports and Tourism","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.8), operator_casino (0.95), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact Analysis","query":"What is the projected incremental GGR contribution from these increased betting limits across blackjack, poker, and VIP baccarat tables, and how does it align with Kangwon Land's broader revenue diversification strategy?"},{"label":"Regulatory Precedent","query":"Does the Ministry of Culture, Sports and Tourism's approval of increased betting limits for Kangwon Land signal a potential shift in regulatory posture towards gaming expansion or a more nuanced approach to specific gaming verticals within South Korea?"}],"footnotes":""},"categories":[28,16338],"tags":[29,24619,16471],"class_list":["post-777026707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-casino","tag-finance","tag-kangwon-land"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026707","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777026707"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026707\/revisions"}],"predecessor-version":[{"id":777026721,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026707\/revisions\/777026721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11882"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777026707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}