South Korea
Kangwon Land closure costing about US$3.1 million a day
Local financial analysts in South Korea estimate that the Covid-19 closure of the Kangwon Land casino, now nearing five months in length, is costing...
Kangwon Land nears five months of Covid-19 business suspension
With its latest one-week delay of reopening until July 20, Kangwon Land now nears five consecutive months of business suspension over Covid-19 fears.
Operations at...
GKL June sales rise 20% from May
Grand Korea Leisure saw casino sales in June rise 20.5 percent from the prior month, boosted by revenue from table games, although they showed a drop of 68 percent from the prior year.
Kangwon Land reopening pushed back to July 13
The executives of Kangwon Land have once again opted to push back the reopening of Kangwon Land for another week, this time targeting July...
Paradise Co. June revenue drops more than 80%
Paradise Co. has reported an 80.8 percent drop in revenue for June compared with the same month a year earlier, though also said business had dropped off since May.
Paradise Co. adopts emergency cost-cutting measures
Paradise Co. is shifting gears and will implement emergency cost-cutting measures, including sending more executives on furlough and closing down operations at key facilities.
According...
Kangwon Land pushes back opening to July 6
At an emergency meeting on Thursday, executives of Kangwon Land decided that the reopening of the facility would be pushed back another week until...
Kangwon Land still not open for business
Although it was expected to reopen on Monday, Kangwon Land executives held a meeting and once again decided to delay for another week, with...
Jeju casinos at highest risk from Covid-19 downturn
South Korea’s three major operators are likely to come through the economic downturn caused by the Covid-19 pandemic without too much difficulty, but the smaller and weaker operators on the island of Jeju may face a much tougher time, analysts say.
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