A resurgence in the number of new Covid-19 cases in South Korea has convinced state-run operator Kangwon Land to once again suspend its operations as a public health measure.
The closure commenced on Sunday at 10 am and will continue for an undetermined period of time.
Among the big three casino operators on the Korean Peninsula, Kangwon Land has already had by far the longest period of business suspension. It originally closed on February 23 and maintained week-by-week extensions until it finally reopened in a limited fashion on July 20.
It now emerges that the reopening was for only about a month.
Kangwon Land’s casino is the only one in the nation open to locals, but is located in a remote former mining community some 200 kilometers northeast of Seoul.
Empire Resorts must secure financing at attractive rates soon if it is to turn profitable and avoid the need for a further capital injection from Genting, Nomura said in a research note.
Wynn Macau is hosting a new edition of the "Wynn Guest Chef Series." China's leading chefs from across the country will descend upon Macau to take part in a series of fourteen events for three consecutive months.
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
