At an emergency meeting on Thursday, executives of Kangwon Land decided that the reopening of the facility would be pushed back another week until July 6.
Executives judged that the risks of a new Covid-19 outbreak remains unacceptably high.
Operations at Kangwon Land were originally suspended on February 23, and in recent months many reopening dates have been announced, only to be pushed back again and again.
As South Korea’s only casino that allows Korean nationals to gamble, some of its patrons can be expected to travel from Seoul and other major population centers where the pandemic has not been fully controlled.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Donald Browne submitted a reopening plan for Imperial Pacific's casino on Dec. 3rd, before resigning his position as CEO to attend to family matters, local media reports, without giving details of the plan.
SUZOHAPP announced the separation of its gaming and amusement business from its cash handling business, effective immediately. The new cash handling business will be called PayComplete. SUZOHAPP will focus solely on its core gaming, amusement, and sports betting business.
Chinese spending on luxury goods, which has driven some stocks to record highs, is likely to subside once the pandemic eases in favour of spending on travel, dining and outdoor leisure, a publication tracking the Mainland market reports.
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.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.