The operator of South Korea’s only casino that is open to locals, Kangwon Land, plans to expand its casino floor area from just over 14,000sqm to almost 15,500sqm, increasing the seating capacity within its bars and restaurants by more than 70%.
The plan follows feedback stating that the casino’s current gaming area is 60% smaller than the average floor in South Korea’s foreign-only casinos. Despite this size disadvantage, Kangwon Land accounts for almost 66% of the US$983m revenue generated by the country’s 17 casinos. The Board has approved a budget of US$23.7m for the expansion project.
Kangwon Land currently operates 161 table games, 169 slot machines and 1,191 ‘video game’ units, including roulette and baccarat. At present, and prior to a further review on February 20th, the site is admitting a maximum of 3,000 guests each day, half of its pre-pandemic level.
