{"id":8274,"date":"2021-12-28T00:00:00","date_gmt":"2021-12-28T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/the-south-korean-casino-kangwon-land-gambling-venues-will-operate-at-reduced-hours\/"},"modified":"2021-12-28T00:00:00","modified_gmt":"2021-12-28T00:00:00","slug":"the-south-korean-casino-kangwon-land-gambling-venues-will-operate-at-reduced-hours","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/the-south-korean-casino-kangwon-land-gambling-venues-will-operate-at-reduced-hours\/","title":{"rendered":"The South Korean casino Kangwon Land gambling venues will operate at reduced hours"},"content":{"rendered":"<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">The South Korean casino Kangwon Land gambling venues will operate at reduced hours, from 10am to 10pm every day, from December 18 to January 2. The measure was taken following new Covid-19 countermeasures imposed by the government due to an increase in new cases and fears surrounding the Omicron variant.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">Only people who have been fully vaccinated against Covid-19 will be allowed to enter. People will need to show a vaccine pass as proof. The South Korean Ministry of Health has reported 7,435 new Covid-19 cases in the last 24 hours.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">J.P. Morgan has predicted that the South Korean government&rsquo;s decision to &ldquo;live with Covid-19&rdquo; could help the casino operator revenues return to pre-pandemic levels by 2023.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">Analysts said: &ldquo;Strong pent-up demand and expanded operating hours\/capacity allow us to stay hopeful on a full recovery by some point in late 2022,&rdquo; while they also highlighted Kangwon Land Inc&rsquo;s profits could return to pre-pandemic levels in 2023.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">The South Korean casino reported net profit for the third quarter of the year declined 2.4 per cent quarter-on-quarter to KRW20.42bn (US$17.3m). GGR for the quarter was up 15.8 per cent from KRW203.8bn to KRW235.90bn, which was also a rise of 272.4 per cent when compared to Q3 2020.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">Meanwhile, JP Morgan said that Paradise Co&lsquo;s recovery may take longer, sometime towards the end of Fiscal Year 2023 as long as the country continues easing travel restrictions.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"background-color:white\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\"><span style=\"color:black\">No Copyright infringement intended. Video\/Photo Unknown Direct for credits\/issue or text us +57 3606412 &#8230;&nbsp;<\/span><\/span><\/span><\/span><span style=\"font-size:14.0pt\"><span style=\"background-color:white\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\"><span style=\"color:black\">| Respect to Photographers &amp; Influencers<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>J.P. Morgan has predicted that the South Korean government\u2019s decision to \u201clive with Covid-19\u201d could help the casino operator revenues return to pre-pandemic levels by 2023.<\/p>\n","protected":false},"author":1,"featured_media":5625,"menu_order":354,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4170],"class_list":["post-8274","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-korea-living-with-covid-program-kangwon-casino","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The South Korean casino Kangwon Land gambling venues will operate at reduced hours - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/the-south-korean-casino-kangwon-land-gambling-venues-will-operate-at-reduced-hours\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The South Korean casino Kangwon Land gambling venues will operate at reduced hours - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"J.P. 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