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The association earlier decided to take an additional one after another since it decided on Feb. 23 to take an emergency temporary one.
It said the driving review screen can be checked through horse racing broadcasting and horse racing information 샌즈카지노.
The association earlier decided to take an additional one after another since it decided on Feb. 23 to take an emergency temporary one.
Meanwhile, in order to prevent the spread of Corona 19, Kangwon Land has decided to extend the closure of its casino operations once again.
Kangwon Land held an emergency meeting on the 16th and decided to extend the closure of its casino operations to 6 a.m. on May 4.
Excluding casino operations, resort facilities such as hotels and condo water parks will begin preparations for the opening in phases, taking into account all situations related to Corona 19, including government policy and social distance keeping.
Kangwon Land began to close its casino operations on Feb. 23 to prevent the spread of Corona 19, and the resort sector also began to close on March 2.
Shim Won-seop, a researcher at Cape Investment, lowered the target price of Kangwon Land by 18.4 percent from 38,000 won to 31,000 won on Tuesday. Investment opinions maintained a buy-in.
Kangwon Land shares closed at 20,700 won on Tuesday.
Researcher Shim said, "Kangwon Land's performance in the first half of 2020 is expected to be significantly sluggish, so we revised down the 2020 performance estimate," adding, "However, assuming that the impact of Corona 19 will not last until 2021, we have fine-tuned the performance estimates for 2021 and 2022."
Casino sales at Kangwon Land rose in January. However, Kangwon Land's earnings plunged as it closed its casino operations from Feb. 23 to counter the spread of the Corona 19.
Kangwon Land's estimated casino loss is 209.6 billion won by Tuesday, set by Kangwon Land as the date for resuming. It amounts to 13.8 percent of Kangwon Land's total sales in 2019.
Researcher Shim said, "The expected loss sales announced by Kangwon Land are estimated to be somewhat aggressive," but added, "Considering the spread of Corona 19, we cannot rule out the possibility of Kangwon Land extending its business suspension period."
Kangwon Land was expected to post 1.286 trillion won in sales and 366 billion won in operating profit on a consolidated basis in 2020. Its sales and operating profit will fall 15.4 percent and 27 percent from its 2019 earnings.
However, if the influence of Corona 19 decreases, it is expected that sales of cassbet.com will be normalized quickly.
Researcher Shim said, "Gangwon Land is based on domestic demand, so it is highly accessible among casino companies. If the impact of Corona 19 decreases, it will quickly restore demand."
In addition, Kangwon Land's 1.76 trillion won net cash assets held as of the end of 2019 were expected to enhance financial stability and be used as dividend funds in the crisis caused by Corona 19.
Considering Kangwon Land's recent five-year average dividend per share, the dividend yield will recover to around 4 percent if the dividend per share is assumed to be 900 won per share in 2020, Shim said.
In order to prevent the spread of the new coronavirus infection (CORONA 19), the period of horse racing, race and suspension has been extended again.
The Korea Racing Authority announced that it has extended the suspension of the three racetracks until the 26th to prevent the spread of Corona 19.
In response to the decision, the association explained that the move is aimed at joining a strengthened "social distance" as the number of new confirmed patients and deaths of Corona 19 worldwide and the outbreak of infection still in Korea.
"The resumption of horse racing after April 26 will be decided according to government policies related to the prevention of the spread of infectious diseases. During the suspension period, assistant teachers, departures and driving reviews will be carried out normally, but the access to outsiders at all workplaces, including assistant spectators, will be completely controlled," he explained.
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