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Kangwon Land Casino forced to cancel the reopening

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Kangwon Land Casino forced to cancel the reopening

South Korean gambling aficionados got a little bit of bad news today. Just as they were limbering up their gaming fingers to hit Kangwon Land, the only casino in the country where locals can gamble legally, the venue has been forced to halt its plans to open its main gaming floor.

Predictions that have circulated of a possible revival of the coronavirus have come true, at least partially, and South Korea is witnessing a sudden spike in cases. Hopefully, the increased level of knowledge now shared on the virus will make this resurgence short-lived.

Kangwon Land Casino closed its doors on February 23 in response to the coronavirus pandemic, subsequently coming back to life on May 8.

However, the main gaming floor was still not put back in operation at that time, giving VIP gamblers unfettered access to their usual stomping grounds. In anticipation of a larger reopening, and as a means to recover lost revenue, Kangwon Land casino had planned on offering more gaming tables and longer operating hours when it welcomed back the mass gaming segment.

That’s no longer a possibility, at least not in the short-term. According to South Korean officials, the country saw 40 new COVID-19 cases in a 24-hour period from Tuesday to Wednesday. It was the biggest jump experienced by the country in almost two months, and 36 of the patients were determined to have resided in the same area in Seoul.

Leading up to the reopening of the main gaming floor, Kangwon Land Casino was ready to put its first-quarter performance in the rear-view mirror. For the first three months of the year, it saw a loss of $127.3 million, compared to a profit of $82 million a year earlier. 

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