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The Midan City development it when backed can not keep afloat unless foreign revenue arrives to preserve it afloat. CGS-CIMB analyst in Seoul Jun Lim expects Kangwon Land will have its monopoly on Korean players extended when it expires in 2025. Nonetheless, by then Japan IRs will likely be under building with Vladivostok offering many casino options, every within a shorter flight time than the drive to Kangwon Land. Kangwon Land ducked beneath the government cap last year by US$63 million, with revenue down eight% from a year earlier, operating profit down 31% and visitation down eight% to two.85 million. Active measures to crimp casino take include things like cutting the table count from 200 to 180 , restricting VIP memberships and lowering casino operations by two hours to ten a.m.-4 a.m.
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