{"id":8106,"date":"2020-07-14T21:57:06","date_gmt":"2020-07-14T21:57:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=8106"},"modified":"2026-04-24T03:39:52","modified_gmt":"2026-04-24T06:39:52","slug":"kangwon-land-losing-us3-1m-a-day","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kangwon-land-losing-us3-1m-a-day","title":{"rendered":"Kangwon Land losing US$3.1m a day"},"content":{"rendered":"\n<p>The total loss of sales over the five months in which the casino has been closed is estimated to run at over US$460 million.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- The delay in reopening Kangwon Land casino is costing the company over u$s3.1 million a day in lost sales.<\/p>\n\n\n\n<p>Analysts in South Korea have estimated that the only casino in the country in which locals are allowed to gamble is losing about KRW3.7 billion (US$3.1 million) per day.<\/p>\n\n\n\n<p>The total sales loss during the five months in which the majority of the casino has remained closed because of Covid-19 measures is estimated to be over KRW550 billion (US$460 million).<\/p>\n\n\n\n<p>Although some VIP services resumed on May 8, the full reopening of Kangwon Land has been <strong><em><a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/focusgn.com\/asia-pacific\/kangwon-land-adjusts-reopening-date-once-more\" target=\"_blank\" rel=\"noreferrer noopener\">postponed several times<\/a><\/em><\/strong> after discussion in emergency executive meetings. The last date set was for July 20.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total loss of sales over the five months in which the casino has been closed is estimated to run at over US$460 million.<\/p>\n","protected":false},"author":2,"featured_media":8108,"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 casino is incurring substantial daily and cumulative sales losses, estimated at US$3.1 million per day and over US$460 million over five months, due to prolonged Covid-19 related closures. Despite multiple executive discussions, the full reopening of South Korea's sole local-access casino has been repeatedly postponed, impacting its gross gaming revenue (GGR) and operational stability.","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Kangwon Land Reopening Timeline?","query":"What is the projected timeline for Kangwon Land's full operational resumption and what are the key regulatory or public health criteria influencing this decision?"},{"label":"GGR Impact on Capital Structure?","query":"How will the sustained GGR erosion impact Kangwon Land's capital structure and future investment capacity, particularly given its unique market position?"}],"footnotes":""},"categories":[28,16338],"tags":[16471,152],"class_list":["post-8106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-kangwon-land","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8106","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=8106"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8106\/revisions"}],"predecessor-version":[{"id":8123,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8106\/revisions\/8123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8108"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}