Kangwon Land's board of directors approved a plan to build a second casino floor at its High1 Resort in Jeongseon, Gangwon Province, at its 217th board meeting on November 28, 2024, the company said1. The project carries a KRW 179.6 billion investment and targets completion in December 20271.
It will house the 50 tables and 250 machines approved for the company in September, with all gaming equipment relocated to the new space1. Kangwon Land said casino floor area per user will rise from 2.31 square meters to 3.54 square meters once construction is complete1. The remaining space is earmarked for non-casino facilities including a shopping mall, a performance venue and food and beverage outlets1.
The plan follows a casino business license change approved by the Ministry of Culture, Sports and Tourism in September1.
Acting chief executive Choi Chul-kyu said:
"제2카지노 영업장 조성으로 그동안 심각했던 고객 과밀화 문제 해소와 함께 세계 유수의 복합리조트처럼 엔터테인먼트형 카지노를 포함한 복합문화공간으로 성장할 수 있게 됐다"
He added that the company would focus on the project to help revitalize the abandoned mining region's economy and lead the national tourism industry1.
What it means for players
Kangwon Land is South Korea's only casino open to its own citizens, alongside foreign visitors, and its entry rules and games are set out in the site's guide. The company's stated aim is to ease crowding, and the figures it gives point to more space per person on the floor once the new area opens1. The added tables and machines were already approved in September, so the change is a relocation and expansion of capacity rather than a new license1. Until the December 2027 target, the existing floor remains in use, and no interim changes to entry rules, game mix or operating hours have been reported1. For the wider regional picture, see the guide to casinos and integrated resorts in Asia and the South Korea gambling guide.
What happens next
Construction is scheduled for completion in December 2027, with the company's profit projection covering the ten years from 20281. No start date for construction, phasing plan or interim opening has been reported1.
Sources1 sources
- 강원랜드 제2카지노 짓는다…1천796억원 투자·2027년 말 준공 | 연합뉴스, yna.co.kr
