According to reports from Inside Asian Gaming and GGRAsia, Kangwon Land’s revelation comes after South Korea recorded the largest daily increase in coronavirus cases since Tuesday, April 8, as 40 people were diagnosed with potentially fatal diseases.
Kangwon Land Casino is the only casino in South Korea that can gamble with foreign tourists, but it temporarily closed as the country’s coronavirus infection tally hit 602. However, the venue, located in rural Gangwon Province, about 93 miles from Seoul, was allowed to resume VIP game rooms from May 8 because only 48 new infections were seen last week.
According to reports, Kangwon Land has since received permission to resume the 674-room development step by step from early today. However, sources explained in detail that Kangwon Land has suspended this “pilot operation” for at least several weeks to rely on government advice.
Kangwon Land, Inc. is owned by a number of government authorities, and earlier said its only casino’s temporary coronavirus-related closure would result in a revenue loss of about $218.6 million, and recently reported a net loss of $126.25 million in the three months to the end of March after posting a profit of just over $82.82 million in the first quarter of last year.