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Covid case confirmed at Kangwon Land ski resort
Felix Ng -
An employee tasked with snow removal at Kangwon Land’s High1 ski resort has been confirmed positive with a Covid-19 infection. It is not believed that the employee had any interaction with visitors.
Daily Asia Gaming eBrief: Wynn targeting UAE, possible Thailand expansion
Wynn Resorts is doubling down on its investment in a new IR in the UAE, with Wynn Al Marjan Island expected to get a $900 million investment from the company, of the total $4 billion needed for the project. The group's CEO notes that construction is going smoothly, with expectations to open the property by 2027.
Kangwon Land reports 1Q24 net income growth of 26% q-o-q
South Korea’s Kangwon Land has reported net income of $68 million for 1Q24, a 26 percent increase from 4Q23, but down 8.5 percent sequentially.
Kangwon Land plans $1.9 bln IR revamp
South Korea's Kangwon Land is planning to invest $1.9 billion in transforming its casino into a luxurious integrated resort.
Kangwon Land reports 2023 net income surges 200% to $260M
South Korean casino operator Kangwon Land reported net income of KRW345 billion ($260 million) for 2023, marking a 199 percent increase from 2022.Â
Kangwon Land appoints Choi Cheol-Gyu as the new CEO following the resignation of the previous head
The gaming operator of South Korea's exclusive casino for locals, Kangwon Land Inc., has announced a change in leadership. The vice-president of the firm, Choi Cheol-Gyu, substituted the former CEO Lee Sam-Geol after his resignation last Friday.
Kangwon Land’s net profits down 19.4 percent q-o-q in 3Q23
South Korean casino operator Kangwon Land Kangwon Land reported net profits of KRW73.8 billion ($56.2 million) for 3Q23, a 19.4 percent decrease from 2Q23 and a slight 1.3 percent decline on a year-on-year basis.
Kangwon Land net profits slide 12 pct q-to-q in 2Q23
Korean gaming company Kangwon Land KRW89.2 billion ($68.5 million) in net profits for the second-quarter of this year, up 138.3 percent from a year earlier, but a 12 per cent drop from the previous quarter.
Kangwon Land sees 1,000% profit increase in 1Q23, topping $76mln
The only casino in South Korea which allows locals to gamble, Kangwon Land, has reported a 1,001.6 percent quarterly increase in profit for the first quarter of this year, topping KRW101.53 billion ($76.71 million).
Kangwon Land 1Q22 GGR slips sequentially, but non-gaming strong
Kangwon Land, the only casino in South Korea where locals are permitted to gamble, reported a 6.3 percent decline in 1Q22 revenue as a strong performance in non-gaming failed to offset a decline in casino revenue from the prior quarter.
