• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 29 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Korea’s Kangwon Land looks to enhance investment appeal by way of mid-term Value-up Plan

Ben Blaschke by Ben Blaschke
Fri 18 Oct 2024 at 04:31
Kangwon Land reports 10% sequential increase in GGR to US$254 million
10
SHARES
255
VIEWS
Print Friendly, PDF & Email

Kangwon Land Inc, operator of the only casino in South Korea at which locals are permitted to gamble, has announced a Value-up Plan aimed at enhancing shareholder value and investment appeal.

In a detailed presentation filed with the Korea Exchange, the company unveiled plans to achieve a 60% total shareholder payout ratio between now and 2026, to be achieved by implementing a minimum dividend payout ratio of 50% and improving per share value via KRW100 billion (US$73 million) in buybacks. This would include KRW40 billion (US$29 million) in buybacks this year and another KRW60 billion (US$44 million) in 2025 and 2026 combined.

Kangwon Land explained, “The company’s stock price was on the rise until 2016 due to the expansion of business facilities and the increase in sales but has since been on the decline due to complex reasons, such as casino regulations, the COVID-19 pandemic, illicit gambling, customer outflow due to overseas excursions, and lackluster performance.”

The company added that its PBR (Price-to-book ratio) has remained low at less than 1x since 2003 while its PER (Price-to-earnings ratio) is significantly lower than the market average and peers.

“These are attributed to the market’s overall evaluation of casino demand and performance, regulatory environment and growth potential as underperforming,” Kangwon Land said. “It is necessary to enhance investment appeal through profit improvement, presenting growth strategies and strengthening shareholder returns.”

Dividends, the company noted, have traditionally been determined by considering the current management situation without prior announcement of any specific dividend policy to the market.
“To enhance shareholder value, a mid-term dividend policy is required, aimed at enhancing predictability and stability, along with additional shareholder return measures such as buybacks,” it said.

Kangwon Land will also look to achieve 100% compliance with “Key Indicators of Corporate Governance” through focused improvements in the protection of minority shareholder rights and interests, with five specific indicators outlined as targets for improvement. These are the implementation of electronic voting, notifying shareholders of dividend policy and implantation plan at least once a year, providing predictability of cash dividends, providing notice of convocation four weeks prior to the annual shareholder meeting, and establishing and operating a CEO succession plan.

The Value-up plan follows Kangwon Land’s recent announcement that it will spend US$1.9 billion to upgrade and expand its existing offerings, including a new luxury casino, a hotel and additional leisure facilities. The expansion will see the property’s casino space grow from 14,513 square meters currently to 20,261 square meters, while the total number of gaming tables will increase from 200 to 250 and gaming machines from 1,560 to 1,860.

The project is slated for completion by 2028.

Kangwon Land’s Value-up Plan specifically points to the challenges the company has faced in recent years, which include the “illegal gambling industry that has been expanding since the pandemic and competition with overseas casinos in Southeast Asia.

“In particular, the side effects of illicit gambling have caused personal/social problems, with a direct impact on the number of visitors to our casino and the decline in sales in recent years,” it said.

RelatedPosts

Asia market roundup

Asia market roundup

Thu 28 Aug 2025 at 12:26
10 Years Ago: Next Stop Japan

Osaka-based forum to study the potential impact of MGM’s Japan IR on Korea’s casino industry

Wed 27 Aug 2025 at 05:40
Macau GGR down 62% year-on-year to MOP$2.48 billion in June

Morgan Stanley: Macau gaming stocks likely set for re-rating given recent dividend payouts

Tue 26 Aug 2025 at 12:59
A New Macau

Seaport: Sands China targeting US$1.5 billion in annual dividend payments

Fri 22 Aug 2025 at 05:23
Load More
Tags: BuybacksDividendsKangwon LandshareholdersSouth KoreaValue-up Plan
Share4Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

All your sports entertainment with SABA Sports – always fair and sharp since 1998.

All your sports entertainment with SABA Sports – always fair and sharp since 1998.

by Newsdesk
Fri 29 Aug 2025 at 18:57

CLIENT PROMOTION Since 1998, SABA Sports has stood as the trusted backbone of the world’s most respected sports betting brands. Built on real-time intelligence and operational excellence, we have earned our reputation as the definitive partner for leading operators worldwide....

Newly appointed Thai PM Paetongtarn Shinawatra expected to continue pursuit of legalized casinos

Thai casino bill dead in the water as Constitutional Court removes Prime Minister Paetongtarn Shinawatra from office

by Ben Blaschke
Fri 29 Aug 2025 at 18:44

Thai Prime Minister Paetongtarn Shinawatra has been removed from office for ethics violations after the Constitutional Court ruled 6-3 against her on Friday. She becomes Thailand’s sixth Prime Minister to be removed by a court or legal ruling since 2008...

Australia’s Star Entertainment Group says available cash halved in December 2024 quarter as liquidity crunch bites again

Star Entertainment Group falls to AU$471.5 million loss in FY25 as remediation, regulatory hurdles continue to bite

by Ben Blaschke
Fri 29 Aug 2025 at 07:38

Australia’s Star Entertainment Group has reported a statutory loss of AU$471.5 million (US$308 million) for the financial year ended 30 June 2025, impacted by a 29% year-on-year decline in group-wide revenue including a 37% fall in gaming revenue. Although the...

Resorts World Las Vegas – Lighting up the north

Recovery of VIP gaming business helps Genting’s Resorts World Las Vegas book improved revenues of US$180 million in 2Q25

by Ben Blaschke
Fri 29 Aug 2025 at 05:30

Resorts World Las Vegas (RWLV), the US flagship of Malaysian gaming giant Genting Berhad, saw revenues grow by 8% quarter-on-quarter to US$180 million and EBITDA by 80% to US$18 million in 2Q25, with the company pointing to improved hold and...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English