Saturday, December 14, 2024
HomeNewsSouth KoreaKangwon Land Q1 sales decline from Q4

Kangwon Land Q1 sales decline from Q4

Kangwon Land reported a 58.7 percent drop in Q1 sales from the prior year, with the situation also deteriorating on a quarterly basis, declining 25.8 percent from Q4.

The only operator in South Korea where locals are allowed to gamble said sales were KRW97.4 billion, with KRW85.4 billion generated from gaming. The net loss however narrowed to KRW40 billion from KRW156 billion a year earlier.

Kangwon Land’s High1 Resort has been closed for much of the quarter due to Covid restrictions.

Company statement

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

MORE ARTICLES

FOLLOW US

daily newsletter