closed again completely<\/a><\/em><\/strong> due to a spike in Covid-19 cases.<\/p>\n\n\n\nThe measure was to last until August 29 but the casino’s operator has confirmed to the Korean Stock Exchange that it will extend the closure.<\/p>\n\n\n\n
It calculated that the closure from August 23 to September 7 would cost the casino KRW18.8 billion (US$15.8 million). <\/p>\n\n\n\n
Kangwon Land reported a loss of KRW45.56 billion (US$38.3 million) for the second quarter of the year, compared to a KRW50.94-billion (US$42.9 million) profit in the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"
The South Korea casino had reopened for VIP clients but closed again due to a spike in Covid-19 cases.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":9508,"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 local patrons, has extended its operational closure until September 7 due to a surge in COVID-19 cases, following a brief reopening for VIP clients. This prolonged suspension is projected to incur KRW18.8 billion (US$15.8 million) in costs, compounding a Q2 loss of KRW45.56 billion (US$38.3 million) compared to a prior-year profit.","focusai_entities":"Kangwon Land, Korean Stock Exchange","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":"Financial Recovery Plan?","query":"What specific financial mitigation strategies and operational recovery plans is Kangwon Land implementing to offset the projected KRW18.8 billion loss and address the Q2 deficit, particularly concerning capital expenditure and liquidity management?"},{"label":"Regulatory Support Impact?","query":"How might the extended closure of Kangwon Land influence regulatory bodies to consider temporary relief measures or revised operational guidelines for the land-based casino sector in South Korea, given the public health context?"}],"footnotes":""},"categories":[28,16338],"tags":[29,16471],"class_list":["post-9506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-casino","tag-kangwon-land"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9506","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=9506"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9506\/revisions"}],"predecessor-version":[{"id":9525,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9506\/revisions\/9525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9508"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}