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Kangwon Land reports significant losses in 2020


Repeat closures:
According to the report from Inside Asia Gaming,
FY20 financial results for the Seoul-listed firm, Kangwon Land Incorporated, were released on Monday, the same day as the casino’s reopening following its latest two-month closure. It was the third temporary closure since February 2020 when the government of South Korea raised its alert level regarding the outbreak to its highest ‘red’ degree. The gambling venue’s current casino
floor capacity limit is 1,200 people.
Following the 21-week closure from February 23 last year, the casino located approximately 93 miles from Seoul in rural Gangwon Province reopened for
VIP guests on May 8, while main gaming floor players were welcomed back from July 20, only to be closed again for 50 days from August 23. ....

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