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However, the stock market is analyzing that the influence of Corona 19 may be less than feared.
우리카지노-related stocks are also affected by the Corona virus infection, which has hurt travel and leisure-related industries.
Parada showed high growth last year, marking the fourth straight month of gains since September.Eis (034230) has slowed down, and Kangwon Land (035250) has also announced temporary closures due to Corona 19. However, the stock market is analyzing that the influence of Corona 19 may be less than feared.
Paradise's stock price slows this year. Although the effect of the complex resort (paradise city) project began to grow in earnest last year, this year, it has fallen by 1.17% since the 13% drop last month alone.
Gangwon Land's situation is even worse. It is because it has continued to fall around 13 percent this month since it fell nearly 7 percent last month.
Kangwon Land, in particular, decided to temporarily close until Wednesday for fear of the spread of Corona 19 to the community on Monday, and extended it once more to 29 on Saturday.
Investors' jitters have grown as much as possible, with stock prices falling nearly 5 percent on Monday alone.
Although investor sentiment has been sharply frozen due to the Corona 19, stock markets have come up with a different interpretation.
It is expected that the impact of Corona 19 on casino sales will be less than expected. This is because casinos are considered an industry with inelastic demand that does not respond to economic recession.
Paradise actually did well in the midst of a crisis last year. Last summer, the company, which was considered the "worst crisis" due to its boycott of Japan and a drop in Chinese tourists, recorded sales of 274.4 billion won and operating profit of 41.1 billion won in the third quarter.
It grew 30.36 percent and 280.56 percent, respectively, compared to the same period last year, while sales reached record highs, marking an "earning surprise."
Lee Hyo-jin, a researcher at Meritz Securities Co., said, "The reduction in air flights is causing a decrease in the number of visitors, but no particular impact is detected due to the increase in the unit price."
It is different from Macau's casino because the proportion of non-Chinese customers is about 70 percent," Eis explained. Despite the negative situation, sales in the first quarter will grow around 3 percent on-year, he expected.
cassbet.com is also said to be relieving anxiety by its stable performance last year. Last year's sales and operating profit reached 1.52 trillion won and 502.2 billion won, respectively, up 5.7 percent and 16.61 percent from a year earlier, marking the second consecutive year of reverse growth.
Judging based on this trend, some analysts say that now is an opportunity for "low-priced buying." Park Sung-ho, a researcher at Yuanta Securities, said, "Even if the casino's closure could last for 30 business days in the worst case, this year's price-earnings ratio (PER) is less than 10 times less," adding, "If the Corona expires, the stock price can rebound strongly."
Meanwhile, according to Marketpoint, Parada.Ease closed at 16,800 won, down 2.89 percent from the previous trading day, and Kangwon Land rose 1.06 percent to 23,850 won, respectively.
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