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The operator’s flagship venue in Jeongseong first closed on 23 February and even though it reopened in July, it closed once again significantly less than two months later. Even though this closure was initially meant to final for just two days, it ended up lasting nearly two months. Of this total, KRW117.2bn came from casino gaming, a 64.7% decline, with the remaining KRW14.1bn from other sources, down 65.7%. Immediately after paying general management charges of KRW140.7bn, plus KRW225.0bn towards developing abandoned mines into new resorts, Kangwon Land’s operating loss came to KRW431.58bn. Yang’s majority stake in Landing International provides him a net worth of much more than US$1.6 billion, according to the Bloomberg Billionaires Index. It also shows why Asia’s gambling expansion continues unabated, regardless of China’s financial slowdown, a looming trade war and Xi Jinping’s crackdowns on corruption and cash exports. This report shines light on what CRE property teams are focusing on in 2024, which includes sustainability trends, tech investments, and future outlooks. Nagacorp has declared a 23.7 per cent enhance in its gross gaming revenue in its unaudited figures for the quarter ending March 31, 2024.

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