horse racing<\/a><\/em><\/strong> contributed 20 per cent and the Sports Toto 19.4 per cent.<\/p>\n\n\n\nTotal casino turnover totalled KRW2.93 trillion (US$2.46 billion), 3.1 per cent less than in 2018.<\/p>\n\n\n\n
Foreigner-only casinos brought in KRW1.44 trillion (US$1.21 billion) in 2019, down 10.9 per cent on 2018 despite a 13.9 per cent increase in visitation from 2.8 million visits in 2018 to 3.2 million last year.<\/p>\n\n\n\n
At Kangwon Land, the only casino in South Korea where locals are allowed to legally gamble, visitation remained steady (2.85 million compared to 2.89 million visits) but turnover grew 5.8 per cent in 2019 to KRW1.48 trillion (US$1.24 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"
Figures show Kangwon Land\u2019s revenue grew 5.8% while that of foreigner-only casinos fell 10.9%. <\/p>\n","protected":false},"author":2,"featured_media":9795,"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 casino sector experienced a 3.1% decline in total turnover in 2019, reaching KRW2.93 trillion. This downturn was primarily driven by a 10.9% revenue decrease at foreigner-only casinos, despite a significant increase in visitation. In contrast, Kangwon Land, the sole casino accessible to locals, reported a 5.8% revenue growth, highlighting a divergence in market segment performance.","focusai_entities":"Kangwon Land, National Gambling Control Commission","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Why foreigner casino decline?","query":"What specific factors contributed to the 10.9% revenue decline at foreigner-only casinos despite a 13.9% increase in visitation, and what are the implications for their operational strategies and player value proposition?"},{"label":"Kangwon Land's strategy?","query":"What operational or marketing strategies did Kangwon Land implement to achieve 5.8% revenue growth amidst a stagnant visitation rate, and how sustainable is this performance given its unique local-access licensing?"}],"footnotes":""},"categories":[28,16338,158],"tags":[12436,2054,152],"class_list":["post-9793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-casinos","tag-revenue","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9793","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=9793"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9793\/revisions"}],"predecessor-version":[{"id":19702,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9793\/revisions\/19702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9795"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}