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Kangwon Land estimates 67 percent fall in 2020 casino revenues

Kangwon Land, which has suffered long periods of closure under the impact of the Covid-19 impact, is now estimating that its casino revenues for 2020 will come in at about KRW498 billion (US$430 million), representing a 67 percent fall from the previous year.

In 2019, Kangwon Land’s gaming segment represented 88 percent of the firm’s overall revenues.

Among South Korea’s large casino operators, Kangwon Land has spent the most time closed this year due to Covid-19. It’s first closure lasted between February 23 and July 20. It closed again on August 23 and is currently expected to reopen next Monday.

The casino is the only one in the nation open to South Korean nationals.

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