Tag: Kangwon Land

Regulatory changes make themselves felt in Kangwon Land’s Q2 results

Regulatory changes make themselves felt-1
Kangwon Land, South Korea’s only casino to accept local players, saw a 14 percent fall in net profit year on year for Q2 2018 as the impact of stricter regulations took its toll. The company reported that the net profit for the quarter…

GKL and Paradise post decline, but Kangwon marches on

Grand Korea Leisure Company GKL
South Korea’s two major foreigner-facing casino operators had a tough start to 2016. But propped up by domestic attendance, the Kangwon Land weathered an all too familiar trend of falling Chinese visitation.   Latest financials from the South Korean casino operator Grand Korea Leisure Company (GKL) reported that net income was down 16.5 per cent for the first quarter of 2016,...

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