Kangwon Land sees profit fall 30.3 percent in Q1

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Kangwon Land sees profit fall 30.3 percent in Q1


The just location in Southern Korea where both residents and immigrants are enabled to gamble together with each various other, Kangwon Land Casino, has, for Q1 of this year, reported a 30.3% decrease in profit.

 

 

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Australia or europe Video pc gaming Short records that the casino, located in Sapuk-eup, Jeongseongun, Southern Korea, saw reduces in both net profit and total sales, consisting of non-gaming income, of KRW 90.4 billion (US$84.8 million) and 7.5 percent to KRW 385 billion specifically.

The reported decrease in profit, for what is the biggest casino in Southern Korea, was apparently associated partially to a decrease in the operator's Q1 video pc gaming income, which dropped 7.2% to KRW 378.4 billion this year.

Additional declines where seen in mass table income, which dropped 7.3% and in VIP income reducing 22.4% year-on-year, the information electrical outlet records.

In March this year, the head office of owner-operator Kangwon Land Integrated was apparently component of a raid by government district attorneys that consisted of the workplaces of the Ministry of Society, Sporting activities and Tourist, regarding allegations of the illegal hiring of staff at Kangwon Land Casino.

The just location in Southern Korea where both residents and immigrants are enabled to gamble together with each various other, Kangwon Land Casino, has, for Q1 of this year, reported a 30.3% decrease in profit.

Australia or europe Video pc gaming Short records that the casino, located in Sapuk-eup, Jeongseongun, Southern Korea, saw reduces in both net profit and total sales, consisting of non-gaming income, of KRW 90.4 billion (US$84.8 million) and 7.5 percent to KRW 385 billion specifically.

The reported decrease in profit, for what is the biggest casino in Southern Korea, was apparently associated partially to a decrease in the operator's Q1 video pc gaming income, which dropped 7.2% to KRW 378.4 billion this year.

Additional declines where seen in mass table income, which dropped 7.3% and in VIP income reducing 22.4% year-on-year, the information electrical outlet records.

In March this year, the head office of owner-operator Kangwon Land Integrated was apparently component of a raid by government district attorneys that consisted of the workplaces of the Ministry of Society, Sporting activities and Tourist, regarding allegations of the illegal hiring of staff at Kangwon Land Casino.