Kangwon Land was closed for almost three months due to coronavirus and reopened its VIP floor on 8 May.

The operator also announced estimated losses during the closure were around KRW267.8bn ($218.6m). The number was based on daily sales in 2019.

Additionally, Kangwon Land experienced a loss of KRW156.1bn for Q1 2020; last year, the casino made a profit of KRW102.4bn. Casino sales during the first three months fell by 39% compared to last year.

The expansion includes a prolonged opening time: from 18 hours to 20 hours per day. The number of game tables will also rise from 160 to 180.

JP Morgan analysts stated: "From what we understand, the increased capacity and operating hours will stick throughout the license term until the end of 2023, which will be a boon for this (severely) capacity-constrained casino in the coming years."