Kangwon Land announced last Friday that it would remain closed until March 9 over concerns about the spread of Covid-19 infection in South Korea.
Kangwon Land originally suspended operations on February 23, but the period of closure has been repeatedly extended as the Covid-19 information became increasingly dire. As of Sunday evening, there were 3,526 confirmed cases in the country and 17 confirmed deaths.
The company is expected to take a serious financial hit over the closure, and, like other businesses, is unsure how much visitation will be reduced even after they reopen their doors.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.