Kangwon Land, which operates the country's only casino resort, recommended a final dividend of 900 won (US$0.7546) per share for the year ended Dec. 31, 2019. These dividends are similar to those announced for the 12 months ended Dec. 31, 2018, according to company records.

Kangwon Land Inc. said in a filing with the Korea Exchange this week that its 2019 dividend yielded a dividend yield of 3.0% based on the current market price of the company's shares.

The total annual dividend for 2019 is approximately KRW 182.47 billion. It will be approved at the company's general shareholders' meeting on March 30.

South Koreans can only gamble at Kangwon Land Casino Resort (pictured) in the highlands of Gangwon Province, 150 kilometers (93 miles) from the capital, Seoul.

Kangwon Land's full-year profit in 2019 rose 12.7% year-on-year, driven by strong sales and cost cuts, the company said in a February filing.

In the 12 months to Dec. 31, Kangwon Land posted nearly 1.52 trillion won in sales, up 5.7 percent from 2018.

The casino at Kangwon Land Resort has been temporarily closed since Feb. 23. It will reopen at 6 a.m. on Mar. 16. Kangwon Land Inc. described the closure as a precautionary measure related to the outbreak of COVID-19 infections in the country.

The company said last week it expects casino loss sales to reach 80 billion won. The resort's off-game facilities will also close until March 16, according to the company.

BY: 릴게임사이트