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“It has quite steady revenues and profits, but can’t expect much development without the need of government approval for extra capacity,” stated Lee Jin-woo, fund manager at KTB Asset Management, which owns Kangwon Land shares. Revenues at these two organizations have been hit by a halt in promoting to Chinese VIPs soon after mainland authorities detained 13 folks functioning for them in 2015. By comparison, revenues at South Korean foreigner-only casino operators Paradise Co Ltd and Grand Korea Leisure fell 9 % and 6.five % respectively, according to Reuters’ calculation from firm filings.
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- The ongoing scandal at a Korean casino that was robbed of over $13m by an employee, is generating the headlines in the country.
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