Saturday, October 12, 2024

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South Korea’s Kangwon Land adjusts strategy to a global integrated resort

Kangwon Land, the South Korean operator of a casino and resort complex in Gangwon Province, announced plans earlier this year to evolve into a global integrated resort (IR), focusing on enhancing its non-gaming facilities. 

South Korea’s Kangwon Land gets approval to expand casino

Kangwon Land has received approval from South Korea's Ministry of Culture, Sports, and Tourism for an expansion of its casino facilities. 

Kangwon Land reports 3.4% sequential decrease in gaming sales to $220M

South Korea’s Kangwon Land reported gaming sales of $220 million for the second quarter of this year, marking a 3.4 percent decrease from 1Q24, but up 3.8 percent from the same period in 2023.

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. 

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).