South Korea’s largest casino Kangwon Land has been granted more gaming tables and longer operating hours following its recent reopening after a long pandemic-related shutdown.
On Tuesday, Kangwon Land – the only South Korean casino in which local residents are allowed to access the gaming floor – informed investors that the Ministry of Culture, Sports and Tourism had notified the company of “changes in the conditions for re-licensing the casino business.”
Said changes include boosting the number of mass market gaming tables from its current 160 up to 180, while the casino has been granted permission to extend the number of hours it’s allowed to operate per day from 18 to 20. The company implied that the changes won’t take immediate effect, as they “will be discussed separately with the Ministry of Education.”
Kangwon Land’s current three-year license wasn’t technically due to be renewed until December, but analysts expect the expanded hours and table numbers will be enshrined in the new license that will extend through the end of 2023.