By SectorWire desk ·
Kangwon Land’s newly appointed chief executive, Kim Do-gyun, plans to accelerate efforts to connect the South Korean resort with nearby tourism attractions. Kangwon Land alone has permission to provide casino gambling to South Korean residents.
Kangwon Land’s new chief executive prioritises connecting the resort with nearby tourism attractions.
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Shareholder approval puts Kim Do-gyun in charge of Kangwon Land as president and chief executive.
The review could affect Kangwon Land’s procedures for allowing previously barred customers to return to its casino.
Expanded cooperation gives Kangwon Land coordinated monitoring and enforcement support against increasingly sophisticated illegal gambling websites.
Investors face differing demand prospects as NH Investment & Securities expects tourism to support mass-market casinos more than VIP gaming.
Kangwon Land’s chief executive plans faster delivery of its $2.21bn resort transformation alongside regulatory reform and AI safeguards.
For operators, the case involves alleged gambling websites impersonating Kangwon Land that attracted around 40,000 Korean users.