Published
Land-BasedCasinoFinancialIndustry

Kangwon Land main floor re-opening delayed

South Korean casino and resort Kangwon Land announced it will delay re-opening its main gaming floor. It’s the only casino where locals are allowed to gamble, but the setback was caused by the spike in COVID-19 cases across the country.

Kangwon

The number of cases began rising when the Korean government started easing some lockdown restrictions, and on Wednesday the country experienced the biggest jump in the last 50 days.

The casino was initially closed on February 23, but Kangwon Land opened its VIP floor at the beginning of May and was aiming to open the main gaming floor imminently with modifications. But the company announced a sudden “emergency suspension” on the re-opening, with the plan to revisit the decision at a later date, following advice from national authorities.

The casino’s VIP floor is said to have safety regulations in place, including social distancing (one meter between players), sneeze guards and mandatory face masks. It’s likely the main floor will follow the same pattern. Recently, the casino’s opening hours were restored to the 2018 levels of 20 hours a day, with close to two hundred operational tables.

The re-opening would have relieved some of the strain the casino is under. Kangwon Land lost KRW156.12 billion ($127.2 million) during the first three months of 2020, almost a 38% drop compared to last year, which is attributed to the COVID-19 pandemic.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Resorts World Las Vegas
Star Sports Group
Hard Rock Hotel & Casino Tejon
Follow Us

Facing Facts: Analysing figures from emerging gambling markets

Where is the gambling market on the rise, and are there any...

Taking Stock: A guide to lottery/iLottery operator and supplier prices

Gambling Insider tracks lottery/iLottery operator and suppli...

New Horizons Cover Feature: United Arab Emirates

With its first land-based casino set to open in 2027 and a n...

New Horizons Cover Feature: Brazil

Brazil performed quite the feat by getting its heavily delay...

The best of Malta at the Global Gaming Awards

Powered by Gambling Insider, the Global Gaming Awards are th...

Preview: SiGMA Malta 2024

A place in the winter sun: SiGMA returns to the home of iGa...

Company profile: Soft2Bet

Bill 55: Advantages and challenges for Maltese operators in...

Company profile: DS Virtual Gaming

DS Virtual Gaming is a leader in the gaming industry, utilis...