South Korea's sole casino open to domestic players unveiled plans to invest $128 million for its expansion project.
Kangwon Land, South Korea's sole casino open to domestic players unveiled plans to invest a substantial KRW179.6 billion ($128 million) to construct a second casino business site.
This ambitious move is part of a broader KRW2.5 trillion ($1.78 billion) development initiative aimed at enhancing the overall gaming experience and addressing capacity constraints, as reported by Inside Asian Gaming.
It also marks the first phase of a grand masterplan, envisioned to transform Kangwon Land into a comprehensive integrated resort.
The expansion project will see the casino's footprint increase to 20,260 square meters, a substantial uptick from the current 14,512 square meters. The additional space will accommodate 50 more gaming tables, bringing the total to 250, and 250 more slot machines, raising the total to 1,610. The new casino will be housed within the B1, B2, and ground floors of the High1 Grand Hotel Main Tower. Construction is slated to commence in November 2023 and conclude in December 2027.
The Ministry of Culture, Sports, and Tourism has already granted approval for the expansion project. With a total equity capital of KRW3.67 trillion ($2.62 billion), Kangwon Land is well-positioned to execute its ambitious vision.
This strategic expansion underscores Kangwon Land's commitment to providing an exceptional gaming experience for its patrons. With its ambitious expansion plans, Kangwon Land is poised to usher in a new era of hospitality and entertainment. The second casino, coupled with the deluxe hotel and enticing leisure facilities, promises an unforgettable experience for guests.
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