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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.

Operating hour restrictions the last hurdle for Kangwon Land: Analysts

Kangwon Land has witnessed a strong uptick in daily visitation and casino sales, particularly from mass visitors, after extending its casino operating hours to 13 hours, according to a note from Shinhan Investment Corp. 

Kangwon Land 4Q21 sales soar 84.4% from prior year, down sequentially

Kangwon Land, which operates the only casino in South Korea where locals can gamble, reported an 84.4 percent increase in 4Q21 revenue, with gaming sales steadily increasing throughout the year.

Kangwon Land to invest $23.7m to remodel casino

Kangwon Land said its board has approved a plan to invest KRW28.4 billion ($23.7 million) on expanding its casino area to allow greater distancing between customers.

Kangwon Land seen as star performer as the country opens post-Covid

Kangwon Land, the only casino in South Korea where locals are allowed to gamble, is expected to continue to outperform its peers as the country reopens after Covid

Kangwon Land earnings tipped to surpass pre-Covid levels

Kangwon Land earnings are likely to rebound strongly once restrictions ease and sales will beat pre-pandemic levels, analyst Hazel Lee writes.

Kangwon Land to up payments to mine fund under new license terms

South Korea's government has extended the license of Kangwon Land for 20 years, but the operator will be required to pay more to a development fund.

Kangwon Land closes for two days as Covid-19 detected in staff

Kangwon Land says it will be temporarily closing its casino for two days from August 16 to 18 after an outbreak of Covid-19 amongst its staff.

Kangwon Land sees strong 2Q recovery

South Korea's Kangwon Land saw a major improvement in its 2Q21 results, returning to a profit of KRW20.9 billion ($18.1 million).

Kangwon Land visited by covid-19 positive man

A man who was later found positive for covid-19 had reportedly visited Kangwon Land casino during his infectious period, according to local media reports.