{"id":9295,"date":"2020-08-24T21:25:37","date_gmt":"2020-08-24T21:25:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=9295"},"modified":"2026-04-24T02:28:49","modified_gmt":"2026-04-24T05:28:49","slug":"paradise-co-unaffected-by-lockdown-measures","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-unaffected-by-lockdown-measures","title":{"rendered":"Paradise Co unaffected by lockdown measures"},"content":{"rendered":"\n

As South Korea raised its level of alert due to a spike in Covid-19 cases, other casinos including Kangwon Land have had to shut down. <\/p>\n\n\n\n\n\n\n\n

South Korea.- While Kangwon Land, the only casino in South Korea where locals can legally gamble, has had to close again due to the pandemic, Paradise Co. says the measure have not affected its operation.<\/p>\n\n\n\n

South Korea\u2019s Ministry of Health and Welfare reported that the country had 268 new cases of Covid-19 infection on Sunday, with the tally of confirmed cases reaching 17,665. The level of alert has been raised to level 2, and Kangwon Land has been forced to close again<\/a><\/strong><\/em>, until at least August 29.<\/p>\n\n\n\n

However a spokesperson for Paradise Co said the government has not asked foreigner-only casinos to close. They said that the government may recommend temporary closures if if the level of alert increases again to level three.<\/p>\n\n\n\n

Kangwon Land shut down in February and reopened in May. Paradise Co closed its four casinos in South Korea in March 24 for a two-week period. <\/p>\n\n\n\n

In its latest financial results presentation, the company reported a decline in sales of 68.1 per cent<\/a><\/em><\/strong> to KRW74.64 billion (US$62.9 million) for the second quarter of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

As South Korea raised its level of alert due to a spike in Covid-19 cases, other casinos including Kangwon Land have had to shut down. <\/p>\n","protected":false},"author":2,"featured_media":9297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"South Korea's Kangwon Land casino has again ceased operations due to a spike in Covid-19 cases and an elevated alert level. While foreigner-only casinos like Paradise Co. remain open, the latter reported a substantial 68.1% decline in Q2 sales, highlighting significant operational and financial impacts across the market.","focusai_entities":"Kangwon Land, Paradise Co., South Korea\u2019s Ministry of Health and Welfare","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact Level 3?","query":"What is the projected GGR impact for South Korea's casino market if the alert level escalates to Level 3, mandating closure of foreigner-only casinos?"},{"label":"Paradise Co. Mitigation Strategy?","query":"How are operators like Paradise Co. mitigating the 68.1% Q2 sales decline, and what are their liquidity positions to withstand prolonged operational disruptions?"}],"footnotes":""},"categories":[28,16338],"tags":[29,1705,152],"class_list":["post-9295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-casino","tag-paradise-co","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9295","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=9295"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9295\/revisions"}],"predecessor-version":[{"id":19703,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9295\/revisions\/19703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9297"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}