GGRAsia – Kangwon Land casino capacity doubles, under 50pct of max

Kangwon Land casino capacity doubles, under 50pct of max

Jun 11, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land, the only casino resort in South Korea permitted to offer bets to locals, has been allowed from 10am today local time, to double its maximum guest capacity for the casino floor, although the new limit is still under 50 percent of pre-pandemic levels.

The move from a prior maximum of 1,200 guests, i.e. 20 percent of normal capacity; to 2,300, i.e., 38 percent of normal capacity, would be dependent on a redesignation of the local Covid-19 alert level, and would take place from Monday (June 14).

Kangwon Land resort (pictured), run by Korea Exchange-listed Kangwon Land Inc, is in a remote upland area outside the South Korean capital, Seoul.

An official from Jeongseon county, where Kangwon Land sits, confirmed a casino capacity increase after a telephone enquiry from GGRAsia on Friday.

The county’s capacity-increase proposal had been made on Thursday. The move coincided with the renumbering – as part of a national initiative – of so-called social distancing protocols.

As a result, the former “Level 1.5” standard, and all other intermediate standards between the old “Level 1” to the old “Level 3”, are being abolished. A new system, from “Level 1” up to “Level 4” will take its place.

Most of Gangwon province, including Jeongseon county where Kangwon land is located, are being designated Level 1 under the revised system.

It was not clear from available information, if that renumbering of alert levels meant the safety risk to the public had actually decreased.

Kangwon Land recorded a KRW40.9-billion (US$36.7-million) net loss in the first of quarter 2021, compared to a net loss of KRW156.1 billion in the prior-year period.

As of 9am on Friday, Jeongseon county had recorded 55 Covid-19 infections with no fatality since the onset of the crisis last year, according to the Jeongseon county website.

As of 12am on Monday, South Korea had recorded 374 new Covid-19 cases in 24 hours. It took the country’s tally of confirmed cases to 148,647, including 1,992 fatalities, according to data from the Ministry of Health and Welfare.

(Updated June 15, 9.25am)