Kangwon Land Estimates Loss In Casino Sales Of US$46 Million After Closure Extended Into October

Korean locals casino Kangwon Land has extended its latest COVID-19 closure by a further two weeks, pushing the total closure period beyond a month for the second time in 2020.

In a Friday filing, Kangwon Land said it would remain closed from its previously announced reopening date of Monday 21 September until at least 6am on Monday 5 October – a full 43 days since South Korea’s second wave of COVID-19 forced the property to close its doors on 23 August.

Kangwon Land had earlier this year suspended casino operations on 23 February before reopening for VIP guests on 8 May and for main gaming floor players from 20 July.

The company has also revised its expected loss in sales for this second closure period from KRW36.4 billion (US$30.7 million) to KRW53.9 billion (US$46.3 million).

Located at the foot of a ski and golf resort in a remote area of Gangwon Province, Kangwon Land is the only South Korean casino in which locals are allowed to gamble.

[image:Pixabay]

bitcoin
Bitcoin (BTC) $ 67,597.00 0.57%
ethereum
Ethereum (ETH) $ 1,953.54 1.01%
tether
Tether (USDT) $ 0.999673 0.01%
xrp
XRP (XRP) $ 1.39 2.82%
bnb
BNB (BNB) $ 614.93 1.66%
usd-coin
USDC (USDC) $ 0.999913 0.00%
solana
Solana (SOL) $ 82.68 2.89%
tron
TRON (TRX) $ 0.290204 0.42%
dogecoin
Dogecoin (DOGE) $ 0.095639 2.80%
staked-ether
Lido Staked Ether (STETH) $ 2,265.05 3.46%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)