Kangwon Land South Korea Extends Closure Over COVID-19

Kangwon Land, South Korea’s only casino resort where citizens of the country are allowed to play, has decided to extend the temporary closure of its gaming venue–for a third time. It is now saying it will reopen on March 16 at 6 am.

The original closure was identified as a precautionary measure owing to an outbreak of Covid-19 infections in that country by the promoter of the resort, Kangwon Land Inc.

Until then, non-gaming facilities will be closed too.

The casino operator Kangwon Land Inc, had initially announced a temporary closure of the casino from midday on February 23 to 6 am on February 26, and then extended that until 6 am on February 29, with a further extension until 6 am on March 9.

In a Friday filing to the Korea Exchange–at the time it noted the closure’s third extension–the firm said it expected its lost casino revenue amounting to KRW80 billion (US$ 66.8 million) from the start of the February 23 casino closure. It added that the non-gaming service losses were estimated to amount to an additional KRW6.7 billion for March 2 through March 15.

According to the Korea Centers for Disease Control and Prevention, South Korea reported 367 new cases of coronavirus-related infection in 24 hours as of Sunday, taking the nationwide number of confirmed infections to 7,134 since that time.